Set "SellPrice" to be that of stopModePoint amount when stop is triggered

[justintime]

Hi,

Whenever stop is triggered the stop out price is the "close" because I have SellPrice = Close.

But when a stop is triggered via ApplyStop:
ApplyStop( stopTypeLoss, stopModePoint, stopAmountLong, True );
I would like the SellPrice to be stopAmountLong instead of the close.

Can this be done?

Thanks!

[fxshrat]

First you should carefully read applystop scenarios of manual.
https://www.amibroker.com/guide/afl/applystop.html

Secondly (if you only want to exit at your coded stop) you should disable UI stops that may be active to exit at close
Read here

ApplyStop different result on backtest

ApplyStop works perfectly fine! Your symbol and analysis settings are unknown. Upload APX file then to check for settings. You possibly run futures mode (see Ticksize). Have you set it (ticksize) greater 1?? Also you should disable UI stops if you just want to run just profit target stop of code. Either disable in analysis settings [9] Or disable by code // Disable all UI stops before for ( i = 0; i <= 3; i++) ApplyStop( i, 0, 0, 0 ); That being said I can't reproduce your results. It…

Third if there are gaps then exit will be at tradeable prices only which may be at close price level.

Watch for gaps, was: ApplyStop Profit

Gaps in general and gaps on open (between close of previous bar and open of next bar) are your answer. Stops don't occur in void. They occur in actual tradeable price levels. If that happens that gap is wider then you will get more profit.

[justintime]

I'm trying to buy and sell at the locations indicated. The long engulfing red candle should have both a buy and sell triggered on the same candle. But it seems the sell is happening on the second day. I did read how to apply stop but i wasn't able to find any solutions to my problem.

My script is here for testing:

SetOption("InitialEquity",100000);
SetOption("MaxOpenPositions",1000);
SetOption("AccountMargin",100);// 100 = No Leverage.
SetOption("CommissionAmount",0);
SetOption("AllowSameBarExit", True );
SetTradeDelays(0,0,0,0);

twoDayHigh=HHV(high,2);  
twoDayLow=LLV(low,2);  
inside2Days = (Ref(twoDayHigh,-2)>=twoDayHigh) and (Ref(twoDayLow,-2)<=twoDayLow);  
ema8 = EMA(Close,8);  

insideBarConsolidationPlot = inside2Days  
&& Ref(High,1)>High;  
  
Plot( insideBarConsolidationPlot, "plot", ParamColor("Color", colorDefault ), styleNoTitle );   
  
Buy = Ref(insideBarConsolidationPlot,-1) && Name() == "ILMN";  
  
Cover = False;  

Sell = Cross(ema8, Close ); // close crosses blow ema8
  
SellPrice =  Close;
ShortPrice = CoverPrice = Close;  

BuyPrice = Ref(High,-1);
  
TickSize = 0.01;  
stopLevelLong = Ref(Low,-1); // use low of prior bar
stopAmountLong = BuyPrice - stopLevelLong;  
stopAmountLong = Max( TickSize, BuyPrice - stopLevelLong );  
ApplyStop( stopTypeLoss, stopModePoint, stopAmountLong, ExitAtStop = 1 );  

// Percent risk position sizing
percentRiskPerTrade = 1.5; // how much (in percent of equity) we risk in single position
riskPerShare = stopAmountLong;
numShares = percentRiskPerTrade/100*Equity()/riskPerShare;
SetPositionSize( numShares, spsShares );