ExitLong Next Bar at Lowest(Low, Length) Stop; I gave the system a stop order to get out of a long trade at the lowest low of the last x periods, because if this was taken it would negate the reversal. My problem is that with this code, it doesn't consider the "lowest low of the last x periods" BEFORE the entry bar, but BEFORE the close of the moment (which keeps moving ahead). How do you write it so that it will only consider the x periods BEFORE the entry bar? Thank you.
Use the BarsSinceEntry global var (or is it a function? Don't recall). For example, if your reverse failure area was 20 bars long: ReverseFailurePoint=lowest(low,(20+BarsSinceEntry)); Or, if you are willing to accept a lower low since you entered the trade, but want to get the lowest low of the 20 bars prior to entry: OldLow=lowest(low,20)[barsSinceEntry]; Not sure if that will work. If it doesn't try this: OldLow=lowest(low,20); SetStopLoss(OldLow[BarsSinceEntry]); Happy Holidays.
Thank you both. I have used another method, which seems to work, but it's not as short as your code. However I understand it better, because it takes more steps to give the system the instructions. (Let me know please if you think there is anything wrong with it). If barssinceentry = 1 and MarketPosition <> 0 Then Begin Bottom = Lowest(Low, Low_Length) - (AbsValue(EntryPrice) * PrTol); Top = Highest(High, High_Length) + (AbsValue(EntryPrice) * PrTol); end; If Openpositionprofit < 0 Then Begin If close < Bottom Then ExitLong ("Low X") This Bar; If close > Top Then ExitShort ("High X") This Bar; end;