Re: [amibroker] trailing stop question from new user

["Tomasz Janeczko" <amibroker@xxxxxx>]

Hello,

ApplyStops can be either enabled or disabled.
You can not change this bar-by-bar.

Instead write a code that uses a loop as shown in the User's Guide for profit target.

/* a sample low-level implementation of Profit-target stop in AFL: */
Buy = Cross( MACD(), Signal() );

priceatbuy=0;

for( i = 0; i < BarCount; i++ )
{
     if( priceatbuy == 0 && Buy[ i ] ) 
     priceatbuy = BuyPrice[ i ];

     if( priceatbuy > 0 && SellPrice[ i ] > 1.1 * priceatbuy )
     {
       Sell[ i ] = 1;
       SellPrice[ i ] = 1.1 * priceatbuy;
       priceatbuy = 0;
     }
     else
       Sell[ i ] = 0;
}

Best regards,
Tomasz Janeczko
amibroker.com
----- Original Message ----- 
From: "jwilsonp2a" <j1wilson@xxxxxxxxxxx>
To: <amibroker@xxxxxxxxxxxxxxx>
Sent: Thursday, October 23, 2003 9:04 AM
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
> 
> 
> 
> 
> Send BUG REPORTS to bugs@xxxxxxxxxxxxx
> Send SUGGESTIONS to suggest@xxxxxxxxxxxxx
> -----------------------------------------
> Post AmiQuote-related messages ONLY to: amiquote@xxxxxxxxxxxxxxx 
> (Web page: http://groups.yahoo.com/group/amiquote/messages/)
> --------------------------------------------
> Check group FAQ at: http://groups.yahoo.com/group/amibroker/files/groupfaq.html 
> 
> Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/ 
> 
> 
> 

------------------------ Yahoo! Groups Sponsor ---------------------~-->
Buy Ink Cartridges or Refill Kits for your HP, Epson, Canon or Lexmark
Printer at MyInks.com. Free s/h on orders $50 or more to the US & Canada.
http://www.c1tracking.com/l.asp?cid=5511
http://us.click.yahoo.com/mOAaAA/3exGAA/qnsNAA/GHeqlB/TM
---------------------------------------------------------------------~->

Send BUG REPORTS to bugs@xxxxxxxxxxxxx
Send SUGGESTIONS to suggest@xxxxxxxxxxxxx
-----------------------------------------
Post AmiQuote-related messages ONLY to: amiquote@xxxxxxxxxxxxxxx 
(Web page: http://groups.yahoo.com/group/amiquote/messages/)
--------------------------------------------
Check group FAQ at: http://groups.yahoo.com/group/amibroker/files/groupfaq.html 

Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/