Hi
The bottom line with this is that I want to be able to set a stop and
have control over it.
After thinking it through, I decided that the first step was to set
the stop for the first Buy signal and keep it at the same value until
a Sell signal and then set it to 0 again.
Seemed like a great theory but the stop value is reset at each bar
and therefore does not maintain a constant value. Maybe it is a
mindset thing - my professional experience was with procedural
languages and AFL taxes my thinking processes sometimes - maybe
something about teaching an old dog new tricks...
Anyway, the snippet of code for setting the stop is as follows
Buy = Ref(vaValidEntry,-1) AND Low <= Ref(vaLimitEntry, -1);
BuyPrice = Min(Open, Ref(vaLimitEntry, -1));
vaIStopVal = ATR(vISATRPer) * vISMult;
vaInitStop = 0;
vaInitStop = IIf(((Buy == 1) AND (Ref(vaInitStop, -1) == 0)) ,
BuyPrice - (Ref(vaIStopVal, -1)), Ref(vaInitStop, -1));
_TRACE(" | buy: " + Buy + " | stop: " + vaInitStop + " | PrevStop: "
+ Ref(vaInitStop, -1));
Any ideas as to where I've gone wrong and why it is resetting the
value each bar, please.
Graham
> I'm sure that a solution for this has been on the forum, but -
after
> much searching......
>
> Code is for a Long system that does not pyramid.
>
> I am looking to manually code the disaster stop, so need to be able
to
> set the stop on the day that the trade is actually entered, and not
> have the water muddied by subsequent signals that are not taken
because
> the system does not pyramid.
>
> I know that the ApplyStop function is available, but I need to
acquire
> the technique for controlling stops programatically.
>
> Hopefully, this is clear.
>
> Graham
>
