Hi,

I am writing a system test. I have my long entry working but I am having trouble coming up with a way code my exit.

I normally set my loss stop to be a multiple of the Average True Range on the day I enter (actually it is ATR(x)).

So I would need to store off that value upon entry, so that I can determine if the price has dropped below my ATR multiple (or be able to re-calculate it at any given point).

Any pointers would be appreciated!

BT

I would do something like :

BuyCondition:={your buy condition};
StopAtr:=Valuewhen(1,BuyCondition,ATR(X))*{Your Multiplier};
EntryPrice:=Valuewhen(1,BuyCondition,C);
Cross((EntryPrice-StopAtr),C)

Hope this helps.

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My Site

unfortunately if the buy condition happens after you are in the trade then patrick's code will not give you the same atr stop.

have a look at the plugin http://www.tradernexus.com/ which gets around this problem.

i use it all the time and its great - you can define your own atr multiples and it plots the stop on the chart really well

jer