Exit above day High

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  • 02/27/2024 at 11:49 AM #228815 quote
    prazirna.pledy
    Participant
    New

    Hello, could you please help me with this exit strategy? It’s not generating any exits for me. I want to exit on a close above the three-day High from entry. Here is the full code. Thank you.

    // definice
atr5 = AverageTrueRange[5]
indicatorValue = (highestHigh - close) / atr5

// Logika
IF indicatorValue CROSSES OVER 2 AND onmarket = 0 THEN
BUY 1 CONTRACT AT MARKET
ENDIF

// exit rules
IF longonmarket THEN
highestexit = Highest[3]
IF close > highestexit THEN
SELL AT MARKET
ENDIF
ENDIF
    02/27/2024 at 12:54 PM #228823 quote
    Iván González
    Moderator
    Master

    Hi,

    In your exit rule the condition IF close > highestexit THEN will never happen.
    Iǜe defined the highestHigh as HHV3 = highest[3](high) because it was not defined.

    This should do more or less what you want.

    // definice
HHV3 = highest[3](high)
atr5 = AverageTrueRange[5]

indicatorValue = (HHV3 - close) / atr5

// Logika
IF indicatorValue CROSSES OVER 2 AND onmarket = 0 THEN
BUY 1 CONTRACT AT MARKET
ENDIF

// exit rules
IF longonmarket and close > HHV3[1] THEN
SELL AT MARKET
ENDIF

graphonprice HHV3 coloured("red")
graph indicatorvalue coloured("red")
graph 2 coloured("blue")
    prazirna.pledy thanked this post
    02/27/2024 at 1:11 PM #228827 quote
    prazirna.pledy
    Participant
    New

    Hi,
    Yes that’s it, thanks so much for the help!

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Exit above day High


ProBuilder support

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prazirna.pledy @prazirna-pledy Participant
Summary

This topic contains 2 replies,
has 2 voices, and was last updated by prazirna.pledy
1 year, 11 months ago.

Topic Details
Forum: ProBuilder support
Language: English
Started: 02/27/2024
Status: Active
Attachments: No files
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