My sell criteria is --if price closes below previous day low.
But I do not want to keep open such position if it goes below 1% of previous day low. In short I DO NOT WANT TO ALLOW more than 1% loss of Previous day low.Similar case for long position i.e not more than 1% of prev. high.
Can any body provide me an AFL for such stop loss.
some body suggested me to use Applystop function i.e
ApplyStop( stopTypeLoss, stopModePercent, MaxLossPercentStop );
my stop loss for long =Cross(0.99 * Ref(L,-1),C )---(1% below previous day's low)
stop loss for short=Cross(C,1.01 * Ref(H, -1))---(1% above previous day's high)
but it is not clear to me how to put my conditions in to above function,
Any AFL expert please guide , Thanks in advance.
.
But I do not want to keep open such position if it goes below 1% of previous day low. In short I DO NOT WANT TO ALLOW more than 1% loss of Previous day low.Similar case for long position i.e not more than 1% of prev. high.
Can any body provide me an AFL for such stop loss.
some body suggested me to use Applystop function i.e
ApplyStop( stopTypeLoss, stopModePercent, MaxLossPercentStop );
my stop loss for long =Cross(0.99 * Ref(L,-1),C )---(1% below previous day's low)
stop loss for short=Cross(C,1.01 * Ref(H, -1))---(1% above previous day's high)
but it is not clear to me how to put my conditions in to above function,
Any AFL expert please guide , Thanks in advance.
.