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{Long Exits}
IF MarketPosition=1 THEN
BEGIN
ExitLong("L 24 ch") Lowest(L,24) Stop;
IF C > 3 * AvgTrueRange(25) + EntryPrice THEN ExitLong
("L3/10Ch") Lowest(L, 10) Stop;
IF MaxTradeHigh >= EntryPrice + 4 * AvgTrueRange(25) THEN
ExitLong ("L2Atr") EntryPrice + 2 * AvgTrueRange(25) Stop;
IF C > 6 * AvgTrueRange(25) + EntryPrice THEN ExitLong
("L6/4Ch") Lowest(L, 4) Stop;
IF MaxTradeClose > EntryPrice + 1 * AvgTrueRange(25) and
MaxTradeClose > MaxTradeClose[3] and Adx(14) < Adx(14)[3] THEN
ExitLong ("LDev") Lowest(L,1) Stop;
END;
--- In equismetastock@xxxxxxxxxxxxxxx, "lecorbeauxmasque7"
<lecorbeauxmasque7@xxxx> wrote:
>
> i use both languages, give the TS code,
> i'll translate it
>
>
> --- In equismetastock@xxxxxxxxxxxxxxx, "David" <junk@xxxx> wrote:
> > Hello,
> >
> > I've been having some trouble converting a tradestation exit code
> > into metastock language. For one thing, referencing the entry
price
> > when it keeps changing but that is just part of it. Thought
maybe
> > someone could help me out. Here is the description of how it
works.
> > Thought the description might be more useful then the code as
someone
> > migh know how to code it in metastock without previous experience
> > needed in tradestation.
> >
> > 1. Exit on a stop at the lowest low of the last twenty-four
days.
>
>
>
>
> > 2. When the close is greater than the entry price plus 3 Average
> > True Ranges, then exit on a stop at the lowest low of the last
ten
> > days. 3. Once the trade has reached an intraday peak (not
> > necessarily on a closing basis) that is 4 Average True Ranges or
more
> > above the entry point, place a sell stop at 2 Average True Ranges
> > above the entry point. 4. When the close is greater than the
entry
> > price plus 6 Average True Ranges, then exit on a stop at the
lowest
> > low of 4 days. 5. If the highest close in the trade is greater
than
> > one Average True Range above the entry point and the highest
close
> > occurred within the last 3 days and the ADX begins to decline
(lower
> > today than 3 days ago) then exit tomorrow at today's low on a
stop.
> >
> > Best Regards,
> > David
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