Rank: Newbie
Groups: Registered, Registered Users Joined: 4/12/2010(UTC) Posts: 2
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I'm kind of new in MetaStock coding. I want to ask you a question about fixed take profit and fixed stop loss. i read the discussion about the topic in the forum and can't understand exactly.
My problem is :
1) i have Buy Long condition : (s means smaller)
ref(o,-2) (s) ref(c.-2) and
ref(c,-2) (s) c
something like that.
Suppose this condition became true at the price of 1.4540, and when the price comes to 1.4560 (with tp) or 1.4520(with sl) i want to exit. But when this buy condition becomes true after and after the price changes so the prices never come to sl or tp points.
What i am trying to ask you is i can not keep the price until its come to take profit or stop loss point
I tried to write something like that;
Buy:=ValueWhen(1,Ref(o,-2) (s) ref(c,-2) and ref(c,-2) (s) c, ref(c,-1))
TP := Buy + .0025 ;
TPL := Cross(C,TP);
TPL
for the take profit but Buy value changes the condition is true. I want it to change if the exit condition is true.
Please help me, Thank you..
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