Protective stops

[Marek]

Is it possible to test the following stop loss scenario wit the TradeSim:
I would like to exit the trade next day on open if the stop loss price was heat today?

[David Samborsky]

You would need to use the following commands:-


ExitPrice:=OPEN;

ExtFml(“TradeSim.Initialize�);
ExtFml(“TradeSim.EnableProtectiveStop�,INACTIV ITY_DELAY);
ExtFml(“TradeSim.EnableDelayOfAllExitsByOneBar†�);

ExtFml("TradeSim.RecordTrades",.......);

[Marek]

Thanks David

[Marek]

Sorry David to bother you again but after carefully reading the manual I realised it is not what I need. I can not in advance foresee how many days the stop loss should be inactive. In example I open long position at 1.50$ with a stop loss at 1.00$. In the first N days the price did not hit my stop loss but the next day, say N+1 it did. I would like to exit the trade on Open the day after it means the N+2 day.

More precisely I would like to exit the trade tomorrow if today’s Close is equal or less than my initial stop loss.
Is it possible?

[David Samborsky]

ExitPrice:=OPEN;

ExtFml(“TradeSim.Initialize�);
ExtFml(“TradeSim.EnableProtectiveStop�,0);
ExtFml(“TradeSim.EnableDelayOfAllExitsByOneBar†�);

ExtFml("TradeSim.RecordTrades",.......);


If you download the latest plugin from the download page (V4.2.2) the SetStopGapPriceToOpen function no longer has any effect. If Protective Stops are enabled and the InitialSop is breached then stops are handled according to the following pseudo code (long side example)


If UseClosePriceAsThreshold then

ExitPrice=Close

else

if Open < InitialStop then

ExitPrice = Open

else

if ExitAtStop then

ExitPrice = InitialStop

else

ExitPrice = UserExitPrice