I know this is a VERY basic question but I have lost my old Metastock 7 manuals and I'm in need of help.

How do you code a simple stop loss? For example, assuming my exit trigger is when the current price drops by more than, say, 10% of the entry price.

I assumed it would have to declare a variable, such as BuyPrice, and set that equal to the entry formula and then use an exit trigger something like BuyPrice - (EntryPrice*10/100). That doesn't seem to work very well though.

Please help.

John

Dear all,

I remain puzzled after looing at the valuewhen() for several days. Is it possible to set a stop loss at 100 points below buy price or 100 points above sell price (other than predefined stop loss rule) ?

tks in advance

now I come up with something like below after several days of hardworking:

{Input}

A1:=18;

A2:=18;

{Section}

B1:=C>Mov(c,a1,e);

B2:=Min(Min(Mov(C,3,E),Mov(C,5,E)),Min(Min(Mov(C,8,E),Mov(C,10,E)),Min(Mov(C,12,E),Mov(C,15,E)))) > Mov(C,100,E);

C1:=C<Mov(c,a2,e);

C2:=Max(Max(Mov(C,3,E),Mov(C,5,E)),Max(Max(Mov(C,8,E),Mov(C,10,E)),Max(Mov(C,12,E),Mov(C,15,E)))) < Mov(C,100,E);

Var1:=If(Ref(ROC(DayOfWeek(),1,$)=0,1) AND

b1 AND b2,1,If(Ref(ROC(DayOfWeek(),1,$)=0,1) AND

c1 AND c2,-1,0) );

EL:=var1=1;

CL:=cross(mov(c,45,e),L);

ES:=var1=-1;

CS:= cross(H,mov(c,45,e));

State:=If(Cum(1)=1,0,If(EL,1,If(ES,-1,If((CL AND PREV=1) OR (CS AND PREV=-1),0,PREV))));

Buy:=State=1 AND Ref(State,-1)<1;

Buyprice:=valuewhen(1,buy=1,c);

now the problem is I can only capture the buy entry price but once I add it into my "CL:=" (as i also want to exit whenever price is below 100 points of the buy entry price),

it does not work what I expect.

Where is the error?

Can someone kindly give me a hand ?

Wabbit,

Yes you are right. It is more readable and I will try to figure out the rest of the program.

Tks again