Distinguishing between the entry price and the exit (stop) price

• 06/23/2016 at 5:27 PM #9763
  merc1203

  Let’s imagine I enter a trade at 12205

  I only want to add to the position at prices above the 1st entry

  My line of code is

  cond1 = close > tradeprice(1)

  However, when the first trade is stopped out before adding a second position, the algo, as written, is referencing the stop price and not the original entry price

  Rather than referencing tradeprice(1), what should I refer to?

  In intuitive terms, I want to reference entryprice1 and never “stopprice1” which if the original entry is stopped out is tradeprice(1)

  Many thanks

   

  

  merc1203

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  06/23/2016 at 7:15 PM #9773
  Nicolas

  I’m not sure I understand .. tradeprice(1) always refer to the entry price level of the previous order, so why do you think it gives you the price where the trade has closed?

  

  Nicolas

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