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Bob and Bill:
Thank you for your insight. Bob thank you for the code. I am going to
study it and try to figure out what is going on with each line. I have a pretty
good idea, but I would never have come up with that by myself.
Thank you for your help.
Charles
Bill Wynne described the problem correctly.
But I am guessing that you want to sell at some amount below the tops, etc.
The trouble with the Highest(High, XX) function is that it searches back in
time to a high. What I think you want is to move forward in time keeping
track of new highs.
The following code should do that:
Bob Fulks
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Inputs: BZ(2), SZ(1);
Vars: HHigh(0), LLow(0), MP(0);
MP = MarketPosition;
HHigh = iff(High > HHigh or MP <> MP[1], High, HHigh);
LLow = iff(Low < LLow or MP <> MP[1], Low, LLow);
if MP >= 0 then Sell next bar at HHigh * (1 - 0.01 * SZ) stop;
if MP <= 0 then Buy next bar at LLow * (1 + 0.01 * BZ) stop;
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