Difference between revisions of "MaxPositionLoss"
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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> |
− | the entry price at any time while it was held | + | 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> |
− | value as much as $10 while it was held | + | 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
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.