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Kris

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Posts: 347

Joined: 4/20/2006
Location: JNB, ZA

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Subject : Two Bar Trailing Stop
Posted : 6/3/2007 12:21 PM
Post #5126
Can someone help me spot the problem with my (dodgy) code for the two-bar trailing stop?

It is supposed to be at the LLV of two previous bars, but it can move only in the direction of the trade. For some reason my code occasionally allows it to retrace against the trade (see attached pic). The code is:

#Stop
#Param "Periods", 2
Dim myLevel As Single

If Signal = LongSignal and myLevel[1] = 0 Then
myLevel = LLV(Periods+1)
Else If Signal = LongSignal and LLV(Periods)>LLV(Periods)[1] Then
myLevel = LLV(Periods)
Else If Signal = ShortSignal and myLevel[1] = 0 Then
myLevel = HHV(Periods+1)
Else If Signal = ShortSignal and HHV(Periods)(Periods)[1] Then
myLevel = HHV(Periods)
Else
myLevel = myLevel[1]
End If

ExitLevel = myLevel

If Signal = LongSignal and C < myLevel Then
Signal = ExitSignal
Else If Signal = ShortSignal and C > myLevel Then
Signal = ExitSignal
End If

Thanks, Kris
Attached file : Stop.JPG (76KB - 667 downloads)

Deleting message 5126 : Two Bar Trailing Stop


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