Question:
How do I Open a Buy trade when the Ask price is N points below the ‘Lowest Low’ in the last M bars”?
Answer:
6 easy steps
1. When you first create your VTS system, check the box to create a OpenBuyTrade drawing:
2. On the OpenBuyTrade drawing, drag, drop and connect the fnGetLowest function and a new variable named MyLow
(fnGetLowest is found in the Functions Toolbox under the Bar menu)
3. Configure the fnGetLowest function, set the endbar parameter to your M value: (M=12)
4. Configure the MyLowest variable to hold the lowest value minus N points: (N=25)
5. Add the logical condition to IsOpenBuyTrue:
6. Build and Test!
