CCI trailing stop

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Need some help coding this....

I am trying to measure the Highest/lowest level of the CCI and use it as a "trailing stop".

for example if I am in a long position and the CCI peaks out at 250 I want to exit the position when it comes down to 240.

I have made it work by using 50 different levels and just saying when CCI is higher than level N and comes back down to N. but this is very inefficent.

What i need is a way to store the value of the Highest CCI level . Anyone here know how to do this ?

Thanks,

KK

 

Try This

heres how i would approach the problem:

double cci = iCCI(.....);

double ccistop, lastccistop;

if(OrderType()=OP_BUY){

ccistop = cci - 20;

if(ccistop > lastccistop)

{

lastccistop = ccistop;

}

if(lastccistop>=cci)

{

OrderClose(.....);

}

}

if(OrderType()=OP_SELL){

........... etc.

}

I dont know if thats correct I just thought of that right know.

hope that helps,

Mikhail

Kurka Fund:
Need some help coding this....

I am trying to measure the Highest/lowest level of the CCI and use it as a "trailing stop".

for example if I am in a long position and the CCI peaks out at 250 I want to exit the position when it comes down to 240.

I have made it work by using 50 different levels and just saying when CCI is higher than level N and comes back down to N. but this is very inefficent.

What i need is a way to store the value of the Highest CCI level . Anyone here know how to do this ?

Thanks,

KK
 

Thanks,

But It only works once. I need to reset it after the function is completed. How would you do that?

mikhaildgreat:
heres how i would approach the problem:

double cci = iCCI(.....);

double ccistop, lastccistop;

if(OrderType()=OP_BUY){

ccistop = cci - 20;

if(ccistop > lastccistop)

{

lastccistop = ccistop;

}

if(lastccistop>=cci)

{

OrderClose(.....);

}

}

if(OrderType()=OP_SELL){

........... etc.

}

I dont know if thats correct I just thought of that right know.

hope that helps,

Mikhail
 
Kurka Fund:
Thanks, But It only works once. I need to reset it after the function is completed. How would you do that?

than put somethig in the begginning of your code that resets the varables.

like:

if (orderstotal()<1)

{

lastccistop = 0;

}

there that should do it... I suggest you make those variable global vars.

Kind regards,

Mikhail

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