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Ted,
It is quite simple:
ApplyStop( stopTypeLoss, stopModePoint, BuyPrice - Ref( Low,
-1 ), True );
(this is for long only system if you want long and short then
it will look like this:)
Amount = IIF( buy, BuyPrice - Ref( Low, -1 ), Ref( High, -1 )
- ShortPrice );
ApplyStop( stopTypeLoss, stopModePoint, Amount, True
);
Explanation:
amount (distance) is measured in dollars from buyprice
(shortprice).
So to exit at previous bar stop the amount would be the
difference between
buyprice and prev day low.
Best regards,Tomasz
Janeczkoamibroker.com
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
Ted Chmilar
To: <A title=amibroker@xxxxxxxxxxxxxxx
href="">amibroker@xxxxxxxxxxxxxxx
Sent: Wednesday, March 05, 2003 9:27
PM
Subject: Re: [amibroker] Re: ApplyStop
question
AV
I would also be interested in someone posting a
solution to your problem. Perhaps TOMASZ??
Ted
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
Avcinci
To: <A title=amibroker@xxxxxxxxxxxxxxx
href="">amibroker@xxxxxxxxxxxxxxx
Sent: Tuesday, March 04, 2003 6:10
PM
Subject: Re: [amibroker] Re: ApplyStop
question
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:
<A title=tchan95014@xxxxxxxxx
href="">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 BUG REPORTS to
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