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MaxPositionLoss

910 bytes added, 11:50, 27 January 2012
Created page with "Returns a negative numerical value, indicating the largest loss reached while the specified position was held. ==== Usage ==== <syntaxhighlight>MaxPositionLoss(PosBack)</sy..."
Returns a negative numerical value, indicating the largest loss reached while the specified position was held.

==== Usage ====
<syntaxhighlight>MaxPositionLoss(PosBack)</syntaxhighlight>

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 ====
<syntaxhighlight>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</syntaxhighlight>

[[Category:Strategy Position]]
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