trailing stop

[jvasto]

I just completed example #3:Three bar breakout trading system from the tutorial download. How can I set a trailing stop for this? for example a trailing stop of the low of the last three bars?

thanks in advance

[eSignal_JasonK]

Hello jvasto,

One option would be to keep track of the low and check the current price against that value. If your condition is found, then exit your position. Try adding the following to your formula:

    var Lows = getValue("Low", -3, 3);
    var vLow = low(-1);
    for (i = 0; i < 3; ++i) {
        vLow = Math.min(Lows[i], vLow)
    }
    
    if (Strategy.isLong() && close() <= vLow) {
        Strategy.doSell("Stopped", Strategy.MARKET, Strategy.THISBAR);
    }