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Thank you HB, to ease out of a position sounds nice but i do not know how to
do that in afl. Sounds a bit like reverse pyramiding :-)
However i will the optimizer on a few stop levels and have a look at how the
numbers change. It seems that here one cannot simply optimize for profits...
and that there are no statistical measures that rate profit stops.
Somebody said there were no more problems to solve :-) well, i guess we have
one here.
take care,
Herman.
-----Original Message-----
From: hmab1 [mailto:hossamb@xxxxxxxxxxxx]
Sent: Monday, October 06, 2003 2:40 PM
To: amibroker@xxxxxxxxxxxxxxx
Subject: [amibroker] Re: Profit Stops
Herman,
One approach that might help in the decision process is to determine
how many times trades actually fall short of/reach/exceed your profit
stop. And by how much does it fall short/reach/exceed your profit
stop.
These questions will help you determine optimum levels. Maybe the
optimum is to have 2-3 target levels, where you exit a portion of
your position at each level.
I started doing this when I found out the percentages of my positions
that fail/reach/exceed my profit targets. So I now "scale out" of
positions accordingly.
HB
--- In amibroker@xxxxxxxxxxxxxxx, "Herman van den Bergen"
<psytek@xxxx> wrote:
> OK, I like profit Stops, they seem to improve on all of my short-
term
> systems.
>
> The question is how to determine the best stop levels. PStops don't
get
> activated to often, compared to the number of trades, and
optimizing for a
> percentage PStop tends to capitalize on one or two rare/lucky price
moves.
> So really the optimized percentage is not correct for the future.
It is
> difficult to optimize.
>
> A lot has been written on Maximum Loss Stops but not so much on how
to set
> profit stops.
>
> has anybody seen any discussion on this, or any formulas?
>
> thanks,
> herman.
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