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HIrange = 55;
LOrange= 40;
stop=1;
/* find out channel borders */
channeltop = Ref( HHV( High, HIrange ), -1 );
channelbottom = Ref( LLV( Low, LOrange ), -1 );
Buy = High > channeltop;
Sell=Low<Channelbottom;
ApplyStop(0,2,stop,0,0);
What it's supposed to do: Stop out if the price drops 1 point below
the high on the day of the buy.
What it does: Stop out any time the price drops 1 point below it's
previous highest high.
I thought the volatile=false (5th parameter in Applystop) would fix
this, but it didn't. Do I have something wrong with my Buy signal
that causes it to keep buying... or what?
I'm new, I'm trying, but 2 days I've been working on this and I
still don't get it.
Thanks, Balin
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