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Tony,
Thanks for your help, makes it much clearer now how to setup a chart,
but using the following the ATR stop isn't on the chart?
------------------------------------------------
Buy = Cross( MA( Close, 30 ), MA( Close, 50 ) );
Sell = 0;
ApplyStop( stopTypeTrailing, stopModePoint, 2*ATR(10), True, True);
e = Equity(1);
GraphXSpace =5;
Plot(Close,"Long System",colorBlack,128);
StopLoss =Min(HighestSince(Buy==1,High,1)-2*ATR(10),Open);
Plot(StopLoss,"Stop Loss",colorRed,1);
------------------------------------------------
Cheers Glenn
--- In amibroker@xxxxxxxxxxxxxxx, "Tony/Dianne" <awenos@xxxx> wrote:
> >>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
>
>
> Glenn,
>
> Try the following code in IB, where my TrailStop == your 2*ATR(10)
> //#### Your buy rules here ####
> Sell = 0;
> ApplyStop(stopTypeTrailing, stopModePoint, TrailStop, True, True);
> e = Equity
(1);
//Creates equivalent of a back test
> GraphXSpace
=5;
//Allow space at top and bottom of chart
> Plot(Close,"Long
System",colorGreen,64); //Plot a
basic candlestick chart
> StopLoss =Min(HighestSince(Buy==1,High,1)-TrailStop,Open); //Define
Applystop level
> Plot(StopLoss,"Stop
Loss",colorRed,1); //Plot
Applystop Level
>
>
> Please note that this stop is volatile and using ATR(10) will show
up
> with an up & down trail stop. Using a longer period for ATR will
smooth
> out the up and down.
>
> Regards,
>
> Tony
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