MaxPositionLoss: Difference between revisions
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Revision as of 11:50, 27 January 2012
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.
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