PureBytes Links
Trading Reference Links
|
Hello, I am trying to code an exit stop which will be initiated once
the close reaches a high x points above the entryprice and then place a
stop order y bars above the entryprice but I want the stop to stay
there and not change unless the next day's close is higher, Using a
highest(c,length) statement isnt what I want because the stop will not
remain if the next day's close is lower then the day this stop is
created. and I dont want the highest close of the last Length bars,
but the highest close from the entry like this.Then I want the stop to
stay on the system until either it is hit, because the market took it
out or if the market continues higher and makes a new high, and then
raises the stop.
if c> entryprice + 50 points then exitlong entryprice + 10 points stop;
This will only protect me if the next day's action comes down and takes
out my stop, but not if the action n days later takes out the stop.
I could not find any reference to a highestclose term in easylanguage,
but that is the closest thing to what I want that I can think of,
Any Ideas? Thanks in advance
d
|