in the backtester in the stops section I want to use a stop that does not move and is either a lowest low of x number of bars or a fixed atr stop like using a 2 atr stop. Is their a way to do this thanks in advance.
Hi Tim,
We have no stop for that, but you can add it as an exit condition.
You can use the ValueWhen() function - see https://help.optuma.com/kb/faq.php?id=1048
c1 = {the condition for the enter - ie the same script}; a1 = ATR(BARS=14, MULT=2.00); v1 = close() - a1; VALUEWHEN(v1, c1)
So if your entry condition was close crossing above a moving average
c1 = CLOSE() CrossesAbove MA(BARS=50);
Then the exit script could be what you already have OR this
With the script in ATR Stop being
c1 = CLOSE() CrossesAbove MA(BARS=50); a1 = ATR(BARS=14, MULT=2.00); v1 = close() - a1; VALUEWHEN(v1, c1)
One thing I would like to do is add some script functions for “EnterPrice()” which would return the enter price. Also DaysSinceEnter() etc so you don’t need to repeat the script. That will be in a future update.
Hope that helps
Mathew
thanks for your assistance Matt