MaxPositionLoss Checked

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

Usage

MaxPositionLoss_Checked(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

  1. This function can only be used in signals.
  2. If PosBack value is greater that the real number of previously opened positions, MaxPositionLoss_Checked will generate an error.

Example

MaxPositionLoss_Checked
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_Checked (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