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For example if you originaly had a buy on monday, sell on friday (I'm just
using the days as an example), but was stopped out on tue, it revealed a buy
on wed, which started a new trade.
ie, before
M Buy
T
W
T
F Sell
after
M Buy
T Stopped out
W Buy
T
F Sell
The Wednesday buy was there all along of course, but was ignored since there
was already an open trade (started on Mon).
I hope the explanation of my idea makes sense!
--
Nigel
On Sun, 13 Apr 2003 03:52 pm, Chuck Rademacher wrote:
> Background: I'm trying to create a composite that will show the amount of
> capital required to trade every signal generated by my system on a basket
> of stocks. This should be easy! I managed to determine if I'm long or
> short except under the circumstances where I have been stopped out. My
> "ApplyStop" wasn't setting the "sell" condition, nor is it intended to do
> so.
>
> So, a little more reading and I discover the "Equity(1)" function.
>
> I placed the statement right after my "ApplyStop" statement.
>
> Everything seemed to be working fine. However, I now generate a few extra
> trades that weren't being generated before adding the Equity(1) line.
>
> How can this be?
>
> I have read the help section for the Equity function more than a dozen
> times and still find it confusing to me. It seems to set the "sell"
> condition if a stop has been applied. That's how I want to use it. But
> I cannot understand why I now pick up a few extra trades for most stocks.
> The extra trades seem to be legitimate. So, I guess the real question
> could be why weren't they generate before I added the Equity(1) statement?
> Does everyone ALWAYS add the Equity(1) statement to every system?
>
> I look forward to hearing from someone on the issue.
>
> Thanks
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