Reply to thread

I am the point of setting my trailing stops:

        1. Since buy, if index filter continues true, Stop loss at 70% of high, until

        2. Index filter has become not true, change stop loss of 90% of high since buy, until

        3. Index filter returns true, then 70% of high subject to this stop loss being above stop loss in Condition  2

I have created some rudimentary rules, but these I know are way off. I would welcome some guidance on writing the AFL to implement the above trailing stop

[CODE]

SetForeign( "XAO" );

 Filter1 = C> MA( C, 10 );

 Filter3 =  Ref(MA( C, 10 ),-1)> Filter1;

 

RestorePriceArrays();

Filter = Filter1;

_SECTION_BEGIN("Buy_sell");

Hh = Ref(HHV(H,20),-1);

Buy = Iif(Filter,Cross(C,Hh),0);

//Trailing Stops:

//        1. Since buy, if index filter continues true, Stop loss at 70% of high, until

//        2. Index filter has become not true, change stop loss of 90% of high since buy, until

//        3. Index filter returns true, then 70% of high subject to this stop loss being above stop loss in Condition  2

 

Stop1 = IIf(Filter1,C<= Hh*.7,0);            //stop condition1

Stop2 = IIf(Filter3, C<= Hh*.9,0);           //stop condition2

Stop3 = IIf(Ref(filter3,-1), C<= Hh*.9,0);  //stop condition3

Sell = C<Stop1 OR C<Stop2 OR C<Stop3;

_SECTION_END();

[/CODE]