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Thanks David for this answer! I would love to see all AmiBroker users
sharing their experience on this forum.
Best regards,
Tomasz Janeczko
===============
AmiBroker - the comprehensive share manager.
http://www.amibroker.com
----- Original Message -----
From: David Holzgrefe <dtholz@xxxx>
To: <amibroker@xxxxxxxxxxx>
Sent: Friday, December 29, 2000 3:13 AM
Subject: Re: [amibroker] Profit Taking?
> jj amibroker would need live data feed to do that
> the problem you describe is called slippage you may need to calculate it
> when you do your forecast
> eg xyz buy at 10,000 at 1.00 = $ 10,000
> brokage $60.00 both ways $ 60.00
> slippage 2% total on entry and exit $ 200.00
> cost of trade $10,260
> break even at 1.026
> profit target ?? 1.03
> return on trade .38 %
> profit $40.00
>
> Not that you would make the trade if 1.03 was your projected profit point
> with 2% slippage ..
>
> Thats how I TRY to treat every trade..
> before the trade is made determine
> S/L (stop loss)
> B/E (break even)
> project profit point .
>
> hope this help
>
>
> ----- Original Message -----
> From: <jjames@xxxx>
> To: <amibroker@xxxxxxxxxxx>
> Sent: Friday, December 29, 2000 12:32 PM
> Subject: [amibroker] Profit Taking?
>
>
> > Hello!
> >
> > I have a question about profit taking. Below is a piece of code
> > written for profit taking (Message# 637)
> >
> > 3. Sell after achieving X% profit:
> >
> > proftarget = 10; /* here you put percentage profit target */
> >
> > buy = cross( macd(), 0 );
> > buyprice = valuewhen( buy, close );
> >
> > sell = cross( 100*(close - buyprice)/buyprice, proftarget );
> >
> >
> > This works fine, if you plan to sell at the close of the day, not at
> > the point (intraday) that the profit target was meet.
> >
> > My question is this: Is there a way to have AmiBroker set the sell
> > price at the profit level, instead of the close, high, low, etc. of
> > the day? For example if I buy at the close when XYZ = 100, and
> > profit level is 3%, I want to sell at 103. If the next day the high
> > of the day was higher than 103 (say 105), but the close was 102,
> > AmiBroker sells me at 102, NOT 103 (my intended profit taking level).
> >
> > I hope I have not confused anyone with this question. Any help would
> > be greatly apprciated! BTW, I love this software!!!
> >
> > Regards,
> >
> > Jared James
> > jjames@xxxx
> >
> >
> >
> >
> >
> >
>
>
>
>
>
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