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[amibroker] Re: ATR Trailing Stop



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Hi Tomasz,

Thanks for your quick reply, looks simple compared to the Metastock 
code!

Is it possible to place this trailing stop onto the MAIN price chart?

I had a look at ApplyStop in the manual and at the bottom of the page it 
has:

ApplyStop( stopTypeTrailing, stopModePoint, 2*ATR(10), True, True );

Equity(1); // THIS EVALUATES STOPS
Plot(Sell=4,"ApplyStop Sell",colorRed,1|styleOwnScale);

I placed the above in the indicator builder but doesn't seem to work.

Sorry if this is a really basic question, but I have looked through the 
manual. Maybe I have to take off my Metastock head ! :-)

Cheers, Glenn


--- In amibroker@xxxxxxxxxxxxxxx, "Tomasz Janeczko" 
<amibroker@xxxx> wrote:
> Al,
> 
> In fact you can place ApplyStop also after trading rules.
> It does not matter. Unless you are using Equity(1) somewhere
> in your formula. In that case ApplyStops should be placed
> before your Equity(1) if you want this function to evaluate stops.
> 
> Best regards,
> Tomasz Janeczko
> amibroker.com
> ----- Original Message ----- 
> From: "Al Venosa" <advenosa@xxxx>
> To: <amibroker@xxxxxxxxxxxxxxx>
> Sent: Wednesday, June 04, 2003 5:39 PM
> Subject: Re: [amibroker] ATR Trailing Stop
> 
> 
> > TJ, I didn't know you were supposed to put the ApplyStop command 
BEFORE the
> > buy/sell rules. Why is that?
> > 
> > al venosa
> > 
> > 
> > ----- Original Message -----
> > From: "Tomasz Janeczko" <amibroker@xxxx>
> > To: <amibroker@xxxxxxxxxxxxxxx>
> > Sent: Wednesday, June 04, 2003 7:31 AM
> > Subject: Re: [amibroker] ATR Trailing Stop
> > 
> > 
> > > Hello,
> > >
> > > ATR trailing stop (Chandeliers Exit) in AmiBroker is single line:
> > > ApplyStop( stopTypeTrailing, stopModePoint, 2*ATR(10), True, 
True );
> > >
> > > (put it before your buy/sell rules).
> > >
> > > Best regards,
> > > Tomasz Janeczko
> > > amibroker.com
> > >
> > > ----- Original Message -----
> > > From: "glennokb" <glennokb@xxxx>
> > > To: <amibroker@xxxxxxxxxxxxxxx>
> > > Sent: Wednesday, June 04, 2003 7:35 AM
> > > Subject: [amibroker] ATR Trailing Stop
> > >
> > >
> > > > Hi,
> > > >
> > > > I'm interested in moving over to AmiBroker from Metastock. 
I've had a
> > > > look at PowerScan and I think I will find it very useful and 
speed up
> > > > learning.
> > > >
> > > > I have an ATR trailing stop in MetaStock that I'd like to use in
> > > > AmiBroker but even with PowerScan I am having trouble. 
Would anyone
> > > > with Meta/Ami experience be able to help please? Or, have a 
standard
> > > > ATR stop I might be able to try?
> > > >
> > > > Here it is in Metastock code:
> > > >
> > > > x:=C-2*ATR(10);
> > > > If(C>PREV,Max(x,PREV),x)
> > > >
> > > > Cheers Glenn



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