How to create a boolean expression similar to SellAtTrailingStop ?

Author: sofia

Creation Date: 3/13/2015 12:24 PM

Wealth Lab » WealthScript (.NET) » How to create a boolean expression similar to SellAtTrailingStop ?

sofia

3/13/2015 12:24 PM

Hello,

Is it possible to create boolean expression which is similar to SellAtTrailingStop ?
i.e instead of using "SellAtTrailingStop", use bool condition with SellAtMarket
But they don't give same results.

I tried replacing this

CODE:
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with this

CODE:
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Thanks,

Sofia

Cone

3/13/2015 12:34 PM

Anything's possible. The right question is "How do I ..." ;)

Like SellAtTrailingStop does, you just have to keep track of the highest value of the stop during the life of the Position and use that value in your condition.

sofia

3/13/2015 12:46 PM

Thanks, but how do I code it. Can you please help.

Eugene

3/13/2015 12:46 PM

QUOTE:
But they don't give same results.

If you open the QuickRef, you'll see the difference. SellAtTrailingStop is not equal to selling at market after a crossunder: it maintains a level that can't go down (unlike SellAtStop, for example). You might want to add a PlotStops() to visualize stop/limit exits.

Additionally, your SellAtMarket does not have a chance to trigger. A closing price can not be lower than the 20-day lowest close. The level has to be shifted one bar ahead: