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> Phsst,
> something to consider.... -.50 is a much different number on a
$100 stock
> than it is on a $10 stock
Yes I know. For illustration purposes only.
Phsst
>
> Jayson
> -----Original Message-----
> From: phsst [mailto:phsst@x...]
> Sent: Friday, April 11, 2003 12:28 PM
> To: amibroker@xxxxxxxxxxxxxxx
> Subject: [amibroker] Re: Trailing Stops
>
>
> This sample is unique to my own trading systems but you should be able
> to manipulate this code as needed. The trailing Stop is set at
> previous days close minus 0.50, and if the stock Opens below that
> figure then it takes you out of the trade at the Open price. And this
> particular trading system does not set a Stop Loss on the day that a
> position is entered.
>
> Just my way of doing it.
>
> Good luck... Phsst
>
>
>
> SetTradeDelays(1,0,0,0); // Affects Back Test (not Scan or Explore)
>
> Buy = <buy condition>
>
> LongBars = BarsSince(Buy==0); // Used to prevent S/L on 1st day
>
> SellPrice = IIf(LongBars == 2,0,Ref(L - .50,-1)); // No S/L 1st Day
> -(2 needed for SetTradeDelays)
>
> PrevSellPrice = IIf(SellPrice == 0,0,Ref(L - .50,-1)); // Trailing
>
> SellPrice = Max(SellPrice,PrevSellPrice); // Stop
>
> SellPrice = Min(SellPrice,O); // Loss
>
> Sell = L <= SellPrice;
>
>
> --- In amibroker@xxxxxxxxxxxxxxx, "Tony/Dianne" <awenos@xxxx> wrote:
> > Hello,
> >
> > For the past several days, I have been trying to code a Trailing
> Stop without success.
> >
> > I'm using both AFL and VB Script.
> >
> > My problem is that I always seem to end up with a circular reference
> problem which
> > boils down to: I need a Trailing stop variable to define the Sell
> condition and I need
> > the Sell condition to define the Trailing stop variable.
> >
> > Can anyone give me advice/code sample to help?
> >
> > As an aside, I've looked at the ApplyStop function and it does not
> seem to do what I
> > am seeking .
> >
> > My goal is, for a long entry, to have an amount defined by the ATR
> function, which is subtracted from
> > the low creating the stop level. The stop level would then trail up
> only.
> >
> > Any help would be appreciated.
> >
> > Regards,
> >
> > Tony
>
>
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