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Yes
Tomasz. I had not thought of the loop features. Sorry. I would just say that
perhaps it would be a bit more "user friendly" to have this ability coded right
in the "ApplyStop" function ;-). Coding multiple types of stops with conditions
through loops is not very easy for a non programmer.
<FONT face=Arial color=#0000ff
size=2>
Well,
let's say that it will help me me improve my programing skills
:-).
<FONT face=Arial color=#0000ff
size=2>
Best
regards, Jérôme ULRICH
<FONT face=Tahoma
size=2>-----Message d'origine-----De : Tomasz Janeczko
[mailto:amibroker@xxxxxx]Envoyé : jeudi 23 octobre 2003
11:15À : amibroker@xxxxxxxxxxxxxxxObjet : Re:
Conditionnal stops (RE: [amibroker] trailing stop question from new
user)
Hello,
It is perfectly possible but you need to write a loop for
that as shown in the users guide and my other response.
Best regards,Tomasz Janeczkoamibroker.com
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
Silvarius
To: <A title=amibroker@xxxxxxxxxxxxxxx
href="">amibroker@xxxxxxxxxxxxxxx
Sent: Thursday, October 23, 2003 11:02
AM
Subject: Conditionnal stops (RE:
[amibroker] trailing stop question from new user)
<FONT face=Arial color=#0000ff
size=2>Hello,
<FONT face=Arial color=#0000ff
size=2>
I
don't think it is possible right now. The only way I can imagine would be
through the Equity(1) function, but even that doesn't work properly. In
fact, the Equity(1) function writes down the stops to the
"sell/cover" variables, but doing so, new buy/short signals can be generated
after the first stop that can modify the following positions. You should
iterate the whole formula the same number of times as there are
stop signals. I think it would be possible through a "WHILE" loop, but it
doesn't seem a very sound process.
<FONT face=Arial color=#0000ff
size=2>
A
better solution would be to have a "condition" parameter in the "ApplyStop"
function, related to the state (in terms of profit and number of bars
since opening) of the current opened position. Something like
:
<FONT face=Arial color=#0000ff
size=2>"ApplyStop(type,mode,amount,condition,ExitAtStop,Volatile)"
<FONT face=Arial color=#0000ff
size=2>
A
concrete example :
<FONT face=Arial color=#0000ff
size=2>
<FONT face=Arial color=#0000ff
size=2>"ApplyStop(StopTypeLoss, StopModePoint,5,"Profit > 10 and
Nbars > 5",true,true);"
<FONT face=Arial color=#0000ff
size=2>
<FONT face=Arial color=#0000ff
size=2>"Profit" and "Nbars" could be something like "internal variables" and
you could imagine to be able to decide if "Profit" is using a percent or
mode value.
<FONT face=Arial color=#0000ff
size=2>
<FONT face=Arial color=#0000ff
size=2>With theses conditionnal stops, you can imagine any combination of
stops according to the way your position is evolving. For example : "after
10 days, exit the position if it shows a loss, otherwise, use a trailing
stop".
<FONT face=Arial color=#0000ff
size=2>
<FONT face=Arial color=#0000ff
size=2>Would you find this feature interresting ? Tomasz, would it be a
nightmare to code ?
<FONT face=Arial color=#0000ff
size=2>
<FONT face=Arial color=#0000ff
size=2>Best regards, Jérôme ULRICH
<FONT face=Tahoma
size=2>-----Message d'origine-----De : jwilsonp2a
[mailto:j1wilson@xxxxxxxxxxx]Envoyé : jeudi 23 octobre
2003 09:05À :
amibroker@xxxxxxxxxxxxxxxObjet : [amibroker] trailing stop
question from new userHi,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,
JimSend BUG REPORTS to
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