I have a simple long only entry (C-Ref(C,-60))/ATR(60)>10 and MOV(V,30,S)>50000 and C>MOV(C,200,S) and am trying to cut and paste the chandelier exit from Jose as shown below

{ User Inputs }
multi:=Input("ATR multiplier",0,10,2.5);
pds:=Input("ATR periods",1,252,10);
pds1:=Input("ATR lookback periods",1,252,21);
plot:=Input("[1]Trailing Stop,  [2]Long+Short,  [3]Signals",1,3,1);
adv:=Input("plot:  today's trailing stop=0,  tomorrow's stop=1",0,1,0);
delay:=Input("Entry and Exit signal delay",0,5,0);

{ Trailing Stops }
StLong:=HHV(C-multi*Mov(ATR(1),pds,E),pds1);
StShort:=LLV(C+multi*Mov(ATR(1),pds,E),pds1);
stopLong:=If(C<PREV,StLong,Max(StLong,PREV));
stopShort:=If(C>PREV,StShort,Min(StShort,PREV));

into the "Sell Order" tab.  I keep getting an error stating "This function is not allowed 
in this type of formula." The cursor then blinks in front of "Input ("ATR multiplier",0,10,2.5);

Would somebody please give a newbie a hand?  

Thanks

Hi dct,

Welcome to the Forum.

The Input() function can only be used in indicators; it cannot be used in Explorations, Experts or System Tests.

Replace the Input() function by simply assigning the value you want to use to the variable e.g.

Instead of

Code:

multi:=Input("ATR multiplier",0,10,2.5);

use

Code:

multi:=2.5;

Hope this helps.

wabbit

---

"The question of whether a computer can think is no more interesting than the question of whether a submarine can swim."
Edsgar W. Dijkstra

 

MS: 6.52 EOD, 7.x EOD, 8.0 PRO, 9.2 PRO w/QC, 10 PRO w/QC C, 11 PRO w/QC & MDK
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Thanks. Then it appears most of that code is unnecessary. Is this all I need to trigger a sell?

multi:=2.5;
pds:=10;
pds1:=21;
{ Trailing Stops }
StLong:=HHV(C-multi*Mov(ATR(1),pds,E),pds1);
C<StLong;

I feel I'm missing something in this line I left out:
"StopLong: = If(C<PREV,StLong,Max(StLong,PREV));"

Correct me if I'm wrong,
If C<Prev, then StopLong=StLong
If C>=Prev, then StopLong= the greater of StLong and Prev. Does this "Prev" apply to StLong or StopLong?   I just can't understand why I need this line.

Wow.  I'm really missing the boat here.  With what I have if I enter on a dip, my entry could be below  my stop!  How do I keep the HHV from looking back previous to my entry?

Although the Chandelier Exit is a great programming exercise in MS, you are missing some of the critical concepts in the execution of your version; I don't have time this morning to go through them all, suffice to say check out Richard Dale's Advanced Stops solution at http://www.tradernexus.com/

Hope this helps.

wabbit

---

"The question of whether a computer can think is no more interesting than the question of whether a submarine can swim."
Edsgar W. Dijkstra

 

MS: 6.52 EOD, 7.x EOD, 8.0 PRO, 9.2 PRO w/QC, 10 PRO w/QC C, 11 PRO w/QC & MDK
For custom MetaStock programming : http://www.wabbit.com.au
My SkyPE status :
My SkyPE account : wabbit.com.au

Thanks wabbit.  That's a great link.