Hi, back again with another stop related question. I got similar results to my trailing stop problem when including stop info in the buy sell section for strategies, instead of the stop tab. Adding a stop increased the number of trades excessively, but incorrectly made almost all trades profitable. In addition to regular long position exit criteria, I added "or (ValueWhen(1,Simulation.CurrentPositionAge=0,OPEN))-(ValueWhen(1,Simulation.CurrentPositionAge=0,OPEN)*(OPT4))>C"

Opt4 was set for values of .03-.09. I am testing always in the market mean reversion strategies, and trying to refine them with stops (like buying when close is below MA 5 and selling if above). I expect the number of trades to increase with a stop, but it can't be right for 495 out of 497 trades to be winners, with average losses at zero. So, I need to specify the trade price if stopped out, like

if (ValueWhen(1,Simulation.CurrentPositionAge=0,OPEN))-(ValueWhen(1,Simulation.CurrentPositionAge=0,OPEN)*(OPT4))>C, tradeprice=(ValueWhen(1,Simulation.CurrentPositionAge=0,OPEN))-(ValueWhen(1,Simulation.CurrentPositionAge=0,OPEN)*(OPT4))

Sorry, I couldn't find this googling or in the primer. Thanks for any help!!

Hey thanks, I got error message not a recognized name constant or operator trying your suggestion, is there a typo?

Also it seemed to me I should make exit price include 'or' statement for when target is hit instead of stop. Correct?

exitPrice:=ValueWhen((1,Ref(C,-1)<stopPrice, OPEN) OR C>MOV(C,5,E))

Thanks!

EDIT - now have an 'end of function expected' message after tidying up (sell rule for long) please help! :)

entryPrice:=ValueWhen(1,Simulation.CurrentPositionAge=0,OPEN);
stopPrice:=entryPrice*(1-OPT4);
exitPrice:=ValueWhen((1,Ref(C,-1)<stopPrice, OPEN) OR C>MOV(C,5,E));
{return}
exitPrice;

Thanks again, wabbit! Ran the tests again with the same results, I had hoped directly referencing the exit price would give realistic results but.. no. Any ideas?

Oops oops, I had left the trail stop option set in the tabs, checked again and this new way of placing a stop is working! I did figure out how to save a report tho so I will email one with the errant results from using the stops in the stop tab.

Now, I'd like to work on to making a trail stop within the buy/sell rules.. something like (sell rule for long exit)..

entryPrice:=ValueWhen(1,Simulation.CurrentPositionAge=0,OPEN);
stopPrice:=HHV(OPEN,0) - (entryPrice*OPT4);
exitPrice:=if(ValueWhen(1, Ref(C,-1)<stopPrice,stopPrice) or C>Mov(C,opt2,E), OPEN, c);
{return}
exitPrice;

Don't hurt yourself laughing too hard LOL

EDIT - looks like the max loss stop from the stops tab is the only way to test with daily OHLCV data. Good enough! :)