What's wrong with ApplyStop()?
----- Original Message -----
From: droskill
To: [email protected]
Sent: Wednesday, May 21, 2008 12:08 PM
Subject: [amibroker] Stop adjustment after a certain amount of gain
Hey all,
I'm trying to have a stop that changes based on the gain/loss in a
position. Here's what I'm trying to do:
1. On entry, there should be a fixed 8% stop loss in place.
2. If the instrument gains more than 8%, now have a 25% trailing stop,
where the stop is trailed off of the highest high since entry.
It would look something like(from another piece of software):
HH=Highest(High,BarsSinceEntry,0)
TrailStopPrice=HH-(HH*(25/100))
Any pointers greatly appreciated.
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