MaxPositionLoss

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Returns a negative numerical value, indicating the largest loss reached while the specified position was held.

Usage

MaxPositionLoss(PosBack)

Where:

PosBack - a numerical expression, specifying the position:
0 - open position;
1 - one position back (the last position closed);
2 - two positions back, etc.

If PosBack is not specified, a value for the open position will be returned.

Notes

  • This function can only be used in signals.
  • Use MaxPositionProfit to get the largest gain reached for a specified position.

Example

MaxPositionLoss

Will return a value of 0 if the value of the open position has not dropped below the entry price at any time while it was held.

MaxPositionLoss(1)

Will return a value of -10 if the most recently closed position has dropped in value as much as $10 while it was held.