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TJ,
Here is an example of a pyrmading scheme I'd like to formulate:
1. Buy one unit of stock according to my buy condition (one unit being defined by the positionsize formula), setting a stoploss at, say, 2 ATR below the buyprice.
2. When a profit of 1 ATR is reached, buy another unit, setting a new stoploss 2 ATRs below the buyprice of the 2nd unit and moving the first stoploss up even with this one.
Continue doing this unitl you've accumulated, say, 5 units.
Time is not a consideration. It's strictly based on volatility. Is this doable? I can wait until you address this in 6 months if it is not doable now. Thanks.Al Venosa
>From: "Tomasz Janeczko"
>Reply-To: amibroker@xxxxxxxxxxxxxxx
>To:
>Subject: Re: [amibroker] tj's pyramid
>Date: Wed, 17 Jul 2002 15:56:30 +0200
>
>Anthony, Rick, Steve
>
>I wrote this sample code for Steve just to show very simple
>"emulation" of pyramiding in AFL. The simplicity was needed to show basic idea
>behind this approach (selling one position and opening another with bigger position size).
>
>I wrote already several times that pyramiding is not directly supported
>and that's why an individual approach is needed when you want to write
>a pyramiding formula.
>
>Tell me exactly what kind of system you want to code and I will provide
>you with the solution.
>
>
>Best regards,
>Tomasz Janeczko
>amibroker.com
>
>(PS. Please note that due to the fact that commissions are taken for each trade this emulation
>takes commissions too many times. - but you can turn off commissions completely)
>
>----- Original Message -----
>From: "Anthony Faragasso"
>To:
>Sent: Wednesday, July 17, 2002 2:57 PM
>Subject: Re: [amibroker] tj's pyramid
>
>
> > Hello Rick,
> >
> > Although I agree with concerning a convienent way to Pyramid our
> > positions during positive Profit %, would the following work.
> >
> > BuyCond = "your initial buy cond to enter the market";//DayOfWeek() ==
> > 1;
> > Buy2Cond = Barssince(buycond)==3 and "some other confirming buy cond,
> > like Profit accumulated from entry day ";//DayOfWeek() == 3; // pyramid
> >
> > Just some thought.
> >
> > Anthony
> >
> > Rick Parsons wrote:
> >
> > > This is a starting point. However I am sure very few always buy on
> > > Monday and pyramid on Wednesday each and every time. We need some way
> > > to pyramid 3 days after a buy, not 3 days after Monday.Thanks, Rick
> > >
> > > -----Original Message-----
> > > From: sidleysh [mailto:steves@xxxx]
> > > Sent: Wednesday, July 17, 2002 4:54 AM
> > > To: amibroker@xxxxxxxxxxxxxxx
> > > Subject: [amibroker] tj's pyramid
> > >
> > > thought y'all would be interested in TJ's sample pyramid
> > > code.
> > >
> > > Hello,
> > >
> > > Here is a simple sample of pyramiding "emulation":
> > >
> > > // the example system buys on monday, wednesday (increasing
> > > pos)
> > > // and sells on friday
> > >
> > > BuyCond = DayOfWeek() == 1;
> > > Buy2Cond = DayOfWeek() == 3; // pyramid
> > >
> > > Sell = DayOfWeek()==5;
> > >
> > > Buy = BuyCond OR Buy2Cond;
> > > PositionSize = IIf( Buy2Cond, 2000, 1000 ); // 1000 is first
> > > trade
> > > 2000 is pyramided
> > > Sell = Sell OR Buy2Cond;
> > >
> > > /////////////////
> > > Please set trade delays to zero in the settings page.
> > >
> > >
> > >
> > >
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