Exit Breakout trade

• 01/11/2021 at 1:10 AM #157251
  Pellejons

  Hi I have a little problem if anyone can help me!

  I would like to know how to code an exit from a trade based on a new lower low in the current trade.
  For an ex then latest bar is lower than the last 30 bars then sell position

  // Breakout strategy with new Higher high for go long and new lower low for go short highh = highest[50](high) // when the price is higher than the last 50 bars i want to go long lowl = lowest[30](low) //  When the price is lower than the last 30 bars want to exit my long trade Size = 1 //position size Condlong = highh > close Condexitlong = barindex-tradeindex(1)<=lowl            // " Here is something wrong i can´t figure  out how to get it right for exit ??? " Condshort= lowl < close IF not onmarket and condlong THEN buy size shares at market endif IF longonmarket and condexitlong THEN sell size shares at market endif //

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  // Breakout strategy with new Higher high for go long and new lower low for go short   highh = highest[50](high) // when the price is higher than the last 50 bars i want to go long lowl = lowest[30](low) //  When the price is lower than the last 30 bars want to exit my long trade   Size = 1 //position size Condlong = highh > close Condexitlong = barindex-tradeindex(1)<=lowl            // " Here is something wrong i can´t figure  out how to get it right for exit ??? " Condshort= lowl < close   IF not onmarket and condlong THEN buy size shares at market endif   IF longonmarket and condexitlong THEN sell size shares at market endif   //

   

  Best Regards! =)

  

  Pellejons

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  01/11/2021 at 2:06 AM #157254
  Pellejons

  ex from image

  

  Pellejons

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  01/11/2021 at 8:59 AM #157271
  Vonasi

  Pellejons  – Welcome to the forums. Your post has been edited as you did not follow the forum rules regarding using the ‘Insert PRT Code’ button:

  • Always use the ‘Insert PRT Code’ button when putting code in your posts to make it easier for others to read.

  

  Vonasi

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  01/11/2021 at 9:02 AM #157275
  Vonasi

  Change line 8 to:

  Condexitlong = low = lowl

  1	Condexitlong = low = lowl

   

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  Pellejons

  

  Vonasi

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