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Thank you, Thomas, but no, that's not correct for max stoploss types
of stops. ApplyStop uses the high for long trades when coding a TRAILING stop. I
was asking about a max stoploss. The latter uses the entryprice as the price to
key off of when exiting. Here is an excerpt from the help file:
ApplyStop(
stopTypeLoss, stopModePoint, 2 * ATR( 10 ), True );The function above will
place the stop 2 times 10 day ATR below entry price.
I'm still looking for the answer to my question about trying to exit at the
low of the day before the entry. Anyone have an idea?
AV
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
tchan95014
<tchan95014@xxxxxxxxx>
To: <A title=amibroker@xxxxxxxxxxxxxxx
href="">amibroker@xxxxxxxxxxxxxxx
Sent: Tuesday, March 04, 2003 4:11
PM
Subject: [amibroker] Re: ApplyStop
question
Hello,I think AB ApplyStop() function uses HIGH for
your long trades as the basis to calculate the stop price. That is the
stop price is the highest high ever reached during the trade minus the
AMOUNT you set as the stop price. It does NOT use the buyprice as the
basis, so it is NOT the LOW of the pre-entry day price as you
expected.ThomasSend
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