MaxPositionLoss: Difference between revisions
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Returns a negative numerical value, indicating the largest loss reached while the specified position was held. | Returns a negative numerical value, indicating the largest loss reached while the specified position was held. | ||
== Usage == | |||
<syntaxhighlight>MaxPositionLoss(PosBack)</syntaxhighlight> | <syntaxhighlight>MaxPositionLoss(PosBack)</syntaxhighlight> | ||
Where | Where: | ||
0 - open position; | :'''PosBack''' - a numerical expression, specifying the position: | ||
::'''0''' - open position; | |||
1 - one position back (the last position closed); | ::'''1''' - one position back (the last position closed); | ||
2 - two positions back, etc. | ::'''2''' - two positions back, etc. | ||
If PosBack is not specified, a value for the open position will be returned. | If '''PosBack''' is not specified, a value for the open position will be returned. | ||
== Notes == | |||
This function can only be used in signals. | * This function can only be used in signals. | ||
* Use [[MaxPositionProfit]] to get the largest gain reached for a specified position. | |||
== Example == | |||
<syntaxhighlight>MaxPositionLoss | <syntaxhighlight>MaxPositionLoss</syntaxhighlight> | ||
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) | <syntaxhighlight>MaxPositionLoss(1)</syntaxhighlight> | ||
Will return a value of -10 if the most recently closed position has dropped in value as much as $10 while it was held. | |||
[[Category:Strategy Position]] | [[Category:Strategy Position]] | ||
Latest revision as of 10:01, 9 February 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.
- Use MaxPositionProfit to get the largest gain reached for a specified position.
Example
MaxPositionLossWill 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.
