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I'm having problems with defining a stop for my Day of Entry. On a high
accuracy S&P system, I want to give the market a little more room on the day
of entry. I've tried several approaches that I'm not satisfied with. Can
someone tell me how to place a $5000 stop that takes me out on today's close
if that close is less than $5000 from the entry point or an equiviant point
value. The following is my code for my stops past the entry
day............thanks/John....... jdev02@xxxxxxx .
If MarketPosition = 1 and close > EntryPrice
Then ExitLong ("NR7 LxMOC") on Close;
If MarketPosition = 1 and nOpen > EntryPrice
Then ExitLong (" NR7 LxBail") Market;
If MarketPosition = 1 and barsSinceEntry >= 1 then
SetStopLoss(3500);
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