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Thanks for the suggestion but
X := Max(
Ref(X,-1), Y )
does not provide the solution
and
X := Max( PREV,
Y )
gives the all the time high so far as the trailing stop loss level
for calculation.
Thus each trade gets stopped out on the next
bar.
It does not reset for every long or short position.
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 ?
Any clues ?
Regards
----- Original Message -----
Sent: Tuesday, May 03, 2005 3:32 PM
Subject: Re: [EquisMetaStock Group]
TRAILING STOP LOSS
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@x...>
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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