Hi there!

I was wondering if anyone could point me in the right direction here. I'm looking to code something that references the highest high or lowest low price of an open position.

I know there's

 

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Highest (Price, Length) & Lowest (Price, Length)

and then

 

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MaxPositionProfit

, but the first references "x number of bars ago," and the 2nd references profit, not the "high/low price" of a currently open position.

Any advice or tips would be greatly appreciated! Much thanks - Brandon

Brandon,

you could convert the MaxPositionProfit back to a price value for example, as you know the point value of the symbol, your position size and the entry price for each trade. This could become problematic in case you scale in and out of positions.
In that case you would have to track the high your self with a variable. You would have to reset the variable when you are flat or once at the beginning of each trade. Then while you are in a trade and every time the high is higher than the value stored in your variable, you would update the variable to store the high.

Regards,

ABCTG

Alternatively have a bar counter, every time you enter a trade/send a market order reset the counter, and then just calculate highest(high,barcounter)?

Just to revisit this idea, would making the "Highest High or Lowest Low" of a position a variable work? Below is meant to show the Highest or Lowest price of an open position.

ex:

 

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Variables: ioHighestHigh (0), ioLowestLow (0); ioHighestHigh = Highest (H, EntryPrice) ; ioLowestLow = Lowest (L, EntryPrice) ;

Highest (Function)

The Highest function returns the highest price over a range of bars.

Syntax
Highest(Price, Length)

Returns (Double)
The highest Price found over a range of Length bars.

Parameters

Price
Numeric
Specifies which bar value (price, function, or formula) to evaluate.

Length
Numeric
Sets the number of bars to consider.

For

ioHighestHigh = Highest (H, EntryPrice) ;

to reference the highest high or lowest low price of an open position, EntryPrice would need to be the number of bars since you opened the position.

djvie11,

you could check if using BarsSinceEntry instead of the EntryPrice will give you what you are looking for.

Regards,

ABCTG

djvie11 

Just to revisit this idea, would making the "Highest High or Lowest Low" of a position a variable work? Below is meant to show the Highest or Lowest price of an open position. ex:   Code Variables: ioHighestHigh (0), ioLowestLow (0); ioHighestHigh = Highest (H, EntryPrice) ; ioLowestLow = Lowest (L, EntryPrice) ;

ABCTG 

djvie11, you could check if using BarsSinceEntry instead of the EntryPrice will give you what you are looking for. Regards, ABCTG

Just back to revisit this idea!

So I wrote a variable to make my "Highest High" and "Lowest Low." I did this because I don't want a limitation as to how many bars back it'll reference ( ie, Highest (H, bars back) ;

Here's what I have below. It doesn't seem to be working as I expected and wanted to get some feedback if you guys have the time!

 

Code

Variables: io_HighestHigh (0), io_LowestLow (0); IF MarketPosition = 0 THEN BEGIN // this is to reset the variable as it's not used to enter into a position io_HighestHigh = 0 ; io_LowestLow = 0 ; END ; IF MarketPosition <> 0 THEN BEGIN io_HighestHigh = H of data1 ; io_LowestLow = L of data1 ; IF H of data1 > io_HighestHigh then io_HighestHigh = H of data1 ; IF L of data1 < io_LowestLow then io_LowestLow = L of data1 ; END ;

Does the above make sense? Thanks for your time!

-Brandon

Brandon,

when you constantly set the highest high to the High of the bar (and vice versa for the low) while you are in a position:

 

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io_HighestHigh = H of data1 ; io_LowestLow = L of data1 ;

How can the check you do within the "if... then"... ever become true?

 

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IF H of data1 > io_HighestHigh then io_HighestHigh = H of data1 ; IF L of data1 < io_LowestLow then io_LowestLow = L of data1 ;

Regards,

ABCTG

ABCTG 

Brandon, when you constantly set the highest high to the High of the bar (and vice versa for the low) while you are in a position:   Code io_HighestHigh = H of data1 ; io_LowestLow = L of data1 ; How can the check you do within the "if... then"... ever become true?   Code IF H of data1 > io_HighestHigh then io_HighestHigh = H of data1 ; IF L of data1 < io_LowestLow then io_LowestLow = L of data1 ; Regards, ABCTG

Ah, good point! I think if I make the highestHigh/LowestLow an average initially (or anything else besides H/L of data1) it should work then.

I appreciate the response!