Strategy exit
Posted: Sun Jun 12, 2022 9:59 am
Hello there,
I have the choice of either using a fixed stop loss or as the recent lowest low. It works as desired. Also plotting on chart works fine (BTW didn't knew that this lowest-low stop loss works as trailing as well
)
The idea is to choose the same option for profit taking by riding with the trend until the condition is met, or using a fixed percentage value.
Pine Script disagrees with me. The problem occurs at the "limit" parameter.
Pine Script demands a float and says I'm offering him a bool.
Does the "stop" and "limit" parameters do not accept the same variable type?
Thanks for the answer.
///////////
longStop = useStr ? ta.lowest(low, lookb) : strategy.position_avg_price * (1-SL_proc)
longProfit = useStr ? ta.crossunder(ta.ema(close,10), ta.ema(close, 20)) : strategy.position_avg_price * (1+TP_proc)
if strategy.position_avg_price > 0
strategy.exit(id = "close", stop = longStop, limit = longProfit)
I have the choice of either using a fixed stop loss or as the recent lowest low. It works as desired. Also plotting on chart works fine (BTW didn't knew that this lowest-low stop loss works as trailing as well
)The idea is to choose the same option for profit taking by riding with the trend until the condition is met, or using a fixed percentage value.
Pine Script disagrees with me. The problem occurs at the "limit" parameter.
Pine Script demands a float and says I'm offering him a bool.
Does the "stop" and "limit" parameters do not accept the same variable type?
Thanks for the answer.
///////////
longStop = useStr ? ta.lowest(low, lookb) : strategy.position_avg_price * (1-SL_proc)
longProfit = useStr ? ta.crossunder(ta.ema(close,10), ta.ema(close, 20)) : strategy.position_avg_price * (1+TP_proc)
if strategy.position_avg_price > 0
strategy.exit(id = "close", stop = longStop, limit = longProfit)