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Hello,
Need code translation from System Writer Plus to TradeStation.
(EasyLanguage has change, won't verify old code)
Below is the code bailout exit technique from Ralph Vince:
Bail Out Stop -The first is to exit a trade on the first open that
shows a profit for the trade or, exit at the lowest low of the last
three days if long, Highest High of last three days if short.
Long Exit:
If open of tomorrow > @entryPrice then Exit Long tomorrow @ open;
Exit Long tomorrow at @Lowest#1 (Low,3,0) stop;
Short Exit:
If Open of tomorrow< @EntryPrice then Exit Short tomorrow on Open;
Exit Short tomorrow at @Highest#1 (High,3,0) stop;
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Split Bail Out - The exit is at the first open is the same, but a flat
dollar
stop is used instead of a three day High/Low.
Thanks In Advance...
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