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I seem to have a workaround, after finding that I could
vary the trailing stop percentage with a variable:
(comments please !!)
=====================================================================
=====================================================================
SellSTOP=(ValueWhen(Buy,Ref(High,-1),N=1));
/* LOCK IN A FIXED STOP PRICE ON DAY OF ENTRY */
BuyPrice=Max(BuySTOP,Low);
SellPrice=Min(SellSTOP,High);
profit_percent=((100 * (High - BuyPrice)/BuyPrice) >= 10);
trail_stop_percent=IIf(profit_percent,3,100);
ApplyStop(2,1,trail_stop_percent,True,False);
/* IF PROFIT IS AT LEAST 10%, USE 3% TRAILING STOP, ELSE 100% */
Sell=Close < SellSTOP;
/* OTHERWISE USE ABSOLUTE STOP LOSS OF Inside Day High ON SETUP */
=====================================================================
=====================================================================
--- In amibroker@xxxxxxxxxxxxxxx, "jwilsonp2a" <j1wilson@xxxx> wrote:
>
> 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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