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Highest Price after Position Entry


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  #1 (permalink)
 stealthtrading 
Toronto
 
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I am trying to find a way to record the highest price the stock will reach AFTER the position is entered. This is to identify that if a stock goes above a specific threshold, a value will become TRUE and new conditions will be used for further entry/exit. What is the best way to record the prices after entry to find the highest, or is there an easier function to use?

Thanks


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 rleplae 
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This is the MFE value you are referring to.


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 stealthtrading 
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rleplae View Post
This is the MFE value you are referring to.

Thanks for explaining. I'm trying to find an example of strategy code that includes MFE since there aren't a lot of descriptions of how to input it into a strategy. Do you have one or know of a place to look?

Thanks again for your help.


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rleplae's Avatar
 rleplae 
Gits (Hooglede) Belgium
Legendary Market Wizard
 
Experience: Master
Platform: NinjaTrader, Proprietary,
Broker: Ninjabrokerage/IQfeed + Synthetic datafeed
Trading: 6A, 6B, 6C, 6E, 6J, 6S, ES, NQ, YM, AEX, CL, NG, ZB, ZN, ZC, ZS, GC
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stealthtrading View Post
Thanks for explaining. I'm trying to find an example of strategy code that includes MFE since there aren't a lot of descriptions of how to input it into a strategy. Do you have one or know of a place to look?

Thanks again for your help.

You can find how i did MFE/MAE
and average MFE/MAE in a strategy i wrote :


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