Mike, Thank you! That helps significantly!!
The one item I'm not able to figure out is how to track the last entry price so we can check to see if the current close is lower than our last entry. I believe (I could be mistaken) the sample you kindly provided is checking to see if today's close is less than yesterday's close. I would like to compare today's close to our last entry price. Thanks again for helping so much. I am slow to grasp AFL. Sincerely, Bill --- In [email protected], "Mike" <sfclimb...@...> wrote: > > Hi, > > I posted some code to a related question here: > http://finance.groups.yahoo.com/group/amibroker/message/146956 > > Short answers: > 1. Use Flip function to capture current position "state". > 2. Use state captured above AND'ed with next criteria. > > See if that helps. > > Mike > > --- In [email protected], "longt3rm" <longt3rm@> wrote: > > > > Hello, > > > > Goal Description: > > 1) Initial $500 position opened when RSI(2) < 25 > > 2) Add $1000 to position when entry price for #1 is less than current > > close. (regardless of value for RSI(2)) > > 3) Add $1500 to position when entry price for #2 is less than current > > close. (regardless of value for RSI(2)) > > 4) If all three positions are entered, we would have a total position of > > $3,000 > > > > > > Two questions / problems: > > 1) What is the most efficient way to determine if we have a position and if > > we do, is it the first ($500) or second ($500+$1000=$1500)? > > 2) If the initial buy is "Buy = RSI(2)", how do we tell AmiBroker that > > RSI(2) is not longer needed, we just need current close > last position > > entry price. > > > > Thanks for any suggestions. > > > > Sincerely, > > > > > > Bill > > >
