Re: Trailingstop & applystop

[bmx888@xxxx]

Hi Stephane,

This becomes very interesting. If I can use a volatility based 
trailing stops like described by Tharp in his book, it would be great.

Regards,

Bai
--- In amibroker@xxxx, "Stephane Carrasset" <nenapacwanfr@xxxx> wrote:
> Tz,
> 
> I understand that the applystop can be used with a buyprice and a 
> sellprice.
> I can have a Long system with:
> 
> Buy= Binary bar;
> Sell= Binary bar;
> Buyprice = Close ( default) or a buystop; 
> Sellprice= trailingstop;
> ApplyStop( 1, 2, 
> Optimize( "min. Profit stop level", 4, 2, 10, 1 )*MA(ATR(1),10), 
1 );
> ApplyStop( 0, 2, 
> Optimize( "max. loss stop level", 4, 2, 10, 1 )*MA(ATR(1),10), 1 );
> 
> 
> Is It possible to have in the further two functions for volatility 
> trailing stop, of course we can write them in Afl scripting 
language,
> But I am sure that all the Ami's users are not "cool" with Jscript 
oc 
> basic.
> 
> Volatility trailing stop on the Long side.
> 
> Stop:=C-ATR(Period);
> BandLong:=If(L<=PREV, {if stop reached?}
> Stop, {yes: restart plot }
> If(Stop>PREV, { no: if new stop>prev stop?}
> Stop, {yes: plot new higher stop }
> PREV) { no: plot previous stop}
> );
> ExitLong:=(L <= ref(BandLong,-1));
> 
> Volatility trailing stop on the short side.
> 
> Trailing Stop Band
> The following indicator formula defines a volatility-trailing stop 
on 
> the short side.
> Stop:=C+ATR(Period);
> BandShort:=If( H >= PREV , {if stop reached?}
> Stop , {yes: restart plot }
> If(Stop < PREV, {no: if new stop>prev stop?}
> Stop, { yes: plot new stop }
> PREV) { no: plot previous stop}
> );
> ExitShort:=(H >= ref(BandShort,-1));
> 
> Thanks again and excuse me for all this questions but I like the 
> system tester.
> 
> Stephane