Code: Select all
inputs: PointStop(10);
vars: PointStopVar(0);
if i_MarketPosition_at_Broker = 1 then begin
PointStopVar = i_AvgEntryPrice_at_Broker - PointStop;
plot1(PointStop,"PointStopforLong");
end;
I wonder why you want to do that. Looking at your code, you want to plot a horizontal line with the price value of the stop, correct? The discretionary Chart Trading can already do such a thing.Wonder if it is possible to plot a simple stop only when I have a position in discretionary trading.
May attempted code below dows not work and I have tried many other variations. Appreciate any help at this point.
Ah I see. If you do this in an indicator, then you know that you can't automatically submit these orders? This might give you additional slippage, especially in volatile markets, and you can't take a short break when you have a position on since you'll manually need to submit those 'soft' stop-loss orders.Yes correct, but I want to do it automatically with an indicator. The point stop is just for starters, I am looking to create volatility, ATR etc type stops for discretionary trading that plot stop price line once a position is on.
Code: Select all
Variables:
stopPrice(0);
if (i_MarketPosition_at_Broker > 0) then begin
// Long stop-loss calculation
end
else if (i_MarketPosition_at_Broker < 0) then begin
// Short stop loss calculation
end;
Plot1(stopPrice, "MyStop");
Source.A zero ('0') is returned when the current position is flat, or if Automated Trading is not turned on.
