Rule: Exit On Trade Length [Rule_ExitOnLength]

Return to Complete List of Functions

The Rule: Exit On Trade Length function determines if an entry/exit system has remained in the current trade a given number of bars. Parameters ------------------ Bars For Exit              The number of bars after entry to exit. For Short Exit             Set this parameter to 1 to test for short exit conditions. Otherwise leave at 0. Function Value ------------------------ This function returns 1 if an entry/exit system has remained in the current trade a given number of bars, otherwise it returns 0. The "For Short Exit" parameter indicates whether to test for long or short losses. If the parameter is non-zero, the function only returns 1 if the system is currently short. Otherwise, the function only returns 1 if the system is currently long. (This is in addition to the condition being tested.) The length and position of the current trade are based on the previous values generated by the entry/exit system this function is used in. Because of this, it can only be used from within an entry/exit system or from within a function which will be used in an entry/exit system.