RE: [amibroker] trailing stop question from new user

["Graham" <gkavanagh@xxxxxxxxxxxxx>]

Will this do what you want?

Sell =  iif(profit_ten_percent,  cross( (hhv(h,5)-BuyPrice)*0.97, L),
Cross(SellPrice,Low) );

Cheers,
Graham
http://groups.msn.com/ASXShareTrading
http://groups.msn.com/FMSAustralia 

-----Original Message-----
From: jwilsonp2a [mailto:j1wilson@xxxxxxxxxxx] 
Sent: Thursday, 23 October 2003 3:05 PM
To: amibroker@xxxxxxxxxxxxxxx
Subject: [amibroker] trailing stop question from new user



Hi,

I am trying to implement a two tiered stop loss, one part being a 
trailing stop, the other a fixed stop. I want a 3% trailing stop if 
I am at least 10% profitable, else I want a fixed stop loss price.

I thought I had it, but can't quite figure out how to utilize a 
variable in the ApplyStop(2,x,3,true,false) command. It is the "x" I 
just showed that needs to be a 1 to enable, or a 0 to disable.

Here is a portion of my code:

==================================================
.
.
.
BuyPrice = Max(BuySTOP,Low);
SellPrice = Min(SellSTOP,High);

profit_ten_percent = (((High - BuyPrice)/BuyPrice) >= 0.10); enable_stop =
IIf(profit_ten_percent,1,0);

ApplyStop(2,enable_stop,3,True,False);
Sell = Cross(SellPrice,Low);
==================================================

It's the "enable_stop" variable that fouls this up. Is this strategy 
even possible? I would greatly appreciate any help on this.

Thank you, Jim



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