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Re: [EquisMetaStock Group] TRAILING STOP LOSS



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Hi Sharad,

How about using the Max function, something like

X := Max( Ref(X,-1), Y )

will let X either take on Y if it is higher than the current X or stay
at the current X.  You can also do the same using

X := Max( PREV, Y )

but this, I am told, is not good MS practise...

Regards
MG Ferreira
TsaTsa EOD Programmer and trading model builder
http://www.ferra4models.com
http://fun.ferra4models.com 


--- In equismetastock@xxxxxxxxxxxxxxx, "Sharad Lohia"
<sharadlohia@xxxx> wrote:
> Dear all,
> 
> Is there a Bug with "Trailing Stop Loss" in metastock. It does not
seem to be working properly at all.
> 
> It should be programmable in Close Long / Short condition.
> 
> Hi:=ValueWhen(1,H>Ref(H,-1),H);
> this catches the last swing top - which need not be the highest high
in that particular long position.
> 
> Hi:=ValueWhen(1,H>Ref(Hi,-1),H);
> this also does not work.
> 
> How can i update a variable value only when a fresh value of higher
value is compared with its current value?
> 
> somethimes i feel excel is so much easier :-)
> 
> 
> Also - i want to program this condition - can someone help pls
> 
> if current position is long then....... if current position is
square then .... if current position is short then ...
> 
> what is the function for checking the current position ?
> 
> Thnx in advance
> 
> Regards





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