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I did not know that, John. Thank you very much. You've solved one of
my biggest problems. I can easily wait for a day instead of bothering
the poster... I'll try it out.
--- In amibroker@xxxxxxxxxxxxxxx, "John" <jea55129@xxxx> wrote:
> Jitu,
>
> If you are like me and don't receive the posts via email, you can
> always download files posted in emails at this site a day or so
later.
> <http://www.purebytes.com/archives/amibroker/2003/threads.html>
>
> Hope this helps,
>
> John
>
> --- In amibroker@xxxxxxxxxxxxxxx, "jtelang" <jtelang@xxxx> wrote:
> > Howard,
> >
> > Could you please add it to the files section or mail it to me
> > directly?
> >
> > Thanks.
> >
> > Jitu
> >
> > --- In amibroker@xxxxxxxxxxxxxxx, "Howard Bandy"
<howardbandy@xxxx>
> > wrote:
> > > Greetings all --
> > >
> > > Included with this message is my code for application of
> parabolic
> > stop
> > > exits and profit target limit exits. This version is a lot
more
> > complex
> > > than the version I posted on December 14, 2003. This version
> > handles both
> > > long and short trades. The comment section at the beginning of
> the
> > code
> > > gives the details.
> > >
> > > I have examined "scans", "explorations" and "trade lists" for
> many
> > tickers
> > > and believe that all the code is consistent. If any of you
find
> > any errors,
> > > please let me know as soon as possible so I can correct them.
> > >
> > > There are many ways to set the initial conditions for the
> parabolic
> > stop.
> > > In this version, I set it a multiple of the three day ATR away
> from
> > the
> > > entry. As the trade progresses, the stop moves upward (for a
> long
> > trade),
> > > creating a floor under the trade.
> > >
> > > There are many ways to set up a profit target (limit order)
> exit.
> > In this
> > > version, I set it at 7% above (for a long trade) the entry. As
> the
> > trade
> > > progresses, if the closing prices continue to increase, the
limit
> > stays at
> > > its initial value. If the closing prices start moving away
from
> > the limit
> > > price, the limit moves closer each day. Eventually the stop
> order
> > and limit
> > > order will converge and force the exit.
> > >
> > > Here is a tool to test exits. The code enters based on a
moving
> > average
> > > crossover, but also includes "commented out" code for perfect
> (good)
> > > entries, perfect (bad) entries, and random entries. So you can
> try
> > out any
> > > pattern or indicator scheme or random with ease.
> > >
> > > OK Guys, and Gals. Let's hear about the performance of some of
> the
> > exits
> > > you have been thinking about. Let me recommend that all posts
> > regarding
> > > this study have "Exit Study" in the subject line.
> > >
> > > If anyone has an idea that they cannot get to work, send it on
to
> > me and
> > > I'll code it up. I hope there will be lots of public postings,
> but
> > I will
> > > respect requests for confidentiality.
> > >
> > > Thanks,
> > > Howard
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