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hermann,
Profit stop are a very interesting point.
The better I have found is to adjust them to the max value between
one Risk( entryprice minus stoplossprice) and Resistance projection (
Resistance + (Resistance-Support) )
I am thinking now to adjust them with The MFE ( max favorable
excursion ) according to the voltility ( ATR )
I'll be happy to exchange ideas ...
stephane
> 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@x...]
> 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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