Current Trade Position High Watermark Threshold and ...

[birdog]

Hi folks:

How would I express in a strategy the following:

1. Plot on the chart the highest amount of ticks/points/currency the current position has been positive during the life of the trade. When new highs are made, then it would adjust to display the new high watermark for the trade.

2. When the current position reaches a threshold (the following does not apply until this threshold is reached) of X number of ticks/points/currency, then apply the following exit condition: When the position loses X percentage/ticks/point/currency from the current high watermark for the trade then exit the position.

***As the current high watermark changes then so would the condition to exit.



@Koganam or others...

Greg

[koganam]

Hi folks:

How would I express in a strategy the following:

1. Plot on the chart the highest amount of ticks/points/currency the current position has been positive during the life of the trade. When new highs are made, then it would adjust to display the new high watermark for the trade.

2. When the current position reaches a threshold (the following does not apply until this threshold is reached) of X number of ticks/points/currency, then apply the following exit condition: When the position loses X percentage/ticks/point/currency from the current high watermark for the trade then exit the position.

***As the current high watermark changes then so would the condition to exit.



@Koganam or others...

Greg

Use OnExecution() to record your entry price (entryPrice, say).

Assuming long, your gain on the trade is

double currentGain = Close[0] - entryPrice;

The max gain on the trade is

maxGain = Math.Max(maxGain, currentGain);

The rest of your code is a straightforward comparison to the threshold, calculating the exit price, and issuing the ext order at that price.

Adjust as necessary, for the short side: currentGain will be the negative of what it would be for a long entry.

[birdog]

Hey @koganam

Thanks for the info...could you potentially elaborate on where the code should be placed. I can not seem to get it to work.

Or, any additional info that might help crystallize for me.

Just when you are able...

Sorry.

;(

Greg

[birdog]

Hi @koganam

You probably have been tied up or I sent this while the NT servers were down before. If you have a chance sometime, could you elaborate a little on this. I can not seem to get it to work and compile.

See your previous code snippet...

Just when you might have a chance...thanks...

Greg

[birdog]

@koganam

I found a workaround to get it to do what I want just FYI.

If you ever have time to elaborate on this more someday then I would still welcome it (either way)...

Thanks for the help!



Greg