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Trying to place a stop for a long position at the last low based on
the low having 2 higher lows to the left and two higher lows to the
right and the opposite for a short position i.e. a stop at the last
high based on the high having 2 lower highs to the left and 2 lower
highs to the right.
Any help greatly appreciated
Ned
Vars: OrderPrice(0);
If MarketPosition<>0 Then Begin
If MarketPosition = -1
and BarsSinceEntry > 5 then begin
If high[5]<high[3]
and high[4]<high[3]
and high[2]<high[3]
and high[1]<high[3]
Then OrderPrice = high[3];
If OrderPrice < EntryPrice then begin
ExitShort ("CRXS") Next Bar at OrderPrice Stop;
End;
If MarketPosition = 1
and BarsSinceEntry > 5 then begin
If low[5]>low[3]
and low[4]>low[3]
and low[2]>low[3]
and low[1]>low[3]
Then OrderPrice = low[3];
If OrderPrice > EntryPrice Then Begin
ExitLong ("CRXL") Next Bar at OrderPrice Stop;
End;
End;
End;
End;
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