MaxPositionLoss

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