[Solved] Sell if closing price is at least 5% lower from the buying point.

Use blockref to store the close price when your buy condition hit.

//Store the Buy Amount -> Blockref(value if condition1=True,value if condition2=True, Condition1, Condition2)
//If BuyCondition is true, buyAmt will keep the close price as buy amount. When SellCondition is True, buyAmt will be 0

set buyAmt= blockref(close,0,BuyCondition ,SellCondition)
set gain=if(buyAmt<>0, (close - buyAmt)/close,0)
set cutloss = buyAmt<>0 And gain < -0.05

@snoperg

Works like magic. Thanks!

Hi VAI Users,

Not sure if my issue is related to this question, I have a different buy and sell condition; when I run it, there are more sell executed than buy.

How do I add the condition where I will only sell if there is currently a buy position and crossover (MA50, EMA20)?

Set BuyCondition = crossover(EMA20, MA50) AND (MACD_Line > MACD_Signal)
Set SellCondition = crossover(MA50,EMA20)

Hi @georgejr

Comment plot(buy,buy,green,main) and plot(sell,sell,red,main). Then use plotbuysell() function.

For Example:

//Comment 
//plot(buy,buy,green,main)
//plot(sell,sell,red,main)

//Use

plotbuysell(Buy,Sell,green,red,main)

Just adding to @joeffrenz 

plot(buy,buy,green,main) and plot(sell,sell,red,main) will plot all the buy and sell signals, while plotbuysell(buy,sell,green,red,main) will only plot pairs of buy and sell signals.

@joeffrenz @vanguardai

Thank you mga sir. More power!