Initial Stop Loss

[arpad_37]

At present the protective stop, if it is set to be enabled, is calcuated on the LOW price for LONGS. What I would like to do is to calculate it on the CLOSE price. To solve this I have just put an "or" statement in the ExitTrigger along the lines of: "OR Ref(CLOSE,-1)<InitialStop;".

My question is that if the initialstop is ATR based (Entryprice-2*ATR(20)) is the ATR value today's 20 day ATR or the when the trade was entered?

Thanks in advance.

Regards,

Arpad

[David Samborsky]

Hello Arpad,

You asked

My question is that if the initialstop is ATR based (Entryprice-2*ATR(20)) is the ATR value today's 20 day ATR or the when the trade was entered?

It is the value when the trade was entered.

[arpad_37]

Thanks