Stop Losses

[stefy]

Hi everyone
I want to apply a stop loss using the ATR(14).
I wrote the following code:
// Condition set Long Stop Loss
if (Close[0] < (Position.AvgPrice - ATR(14)[0])
&& Position.MarketPosition == MarketPosition.Long)
{
ExitLong("STOPLOSS", "BUY");
}

Problem is, the stop loss never kicks in!

Any advice?

Thank you

[Gumphrie]

Hi Stefy,

Is "BUY" the same "fromentrysignal" used in the EnterLong() function? If not, that would cause the problem you are seeing...

[stefy]

Hi Stefy,

Is "BUY" the same "fromentrysignal" used in the EnterLong() function? If not, that would cause the problem you are seeing...

Thank you, Gumphrie! That was the problem indeed.