Exit above day High

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

  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

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  // 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

   

  

  prazirna.pledy

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  02/27/2024 at 12:54 PM #228823
  Iván

  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")

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  // 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")

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  prazirna.pledy

  

  Iván

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  02/27/2024 at 1:11 PM #228827
  prazirna.pledy

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

  

  prazirna.pledy

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