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Obviously there are variables for governing the price of sells and
covers; however, do bear in mind that a great many systems will need
an exit rule governed by the sell and cover variables, and then
additionally an entirely separate stop rule.
In that case, the sellprice and coverprice reserved variables would
need to attend to the primary exit rules. In other words, there is
no "stopprice" variable that is specific to only stops, that one can
use if sell-sellprice and cover-coverprice are doing some other job.
Does that clarify?
--- In amibroker@xxxxxxxxxxxxxxx, "Tomasz Janeczko" <amibroker@xxxx>
wrote:
> Hello,
>
> It is not true that there is no variable for stops.
> Of course there is. SellPrice and CoverPrice control the price at
which plot is exited
> IF "ExitAtStop" is set to ZERO.
> If you want to have stop triggered only by close just use
ExitAtStop = 0
> and set SellPrice = CoverPrice = Close;
>
> In other cases (ExitAtStop > 0) the price of stop is of course
dictated by
> stop parameters itself.
>
> As always it is all described in the User's Guide:
> http://www.amibroker.com/f?applystop
>
>
> Best regards,
> Tomasz Janeczko
> amibroker.com
> ----- Original Message -----
> From: "finops_tonyshomework" <finops_tonyshomework@xxxx>
> To: <amibroker@xxxxxxxxxxxxxxx>
> Sent: Friday, June 11, 2004 8:16 AM
> Subject: [amibroker] Re: ApplyStop question
>
>
> > This seems to be a fantastic question. There is no reserved
variable
> > for the price of stops either, which could be used to fill in the
> > missing mode.
> >
> > I must admit that I have no solution for you; however, one would
> > think that someone who knows what they are doing with this
software
> > would respond, even if only to say it can't be done, if indeed it
> > can't be done, no?
> >
> > The mode you are looking for could be used intraday as well. One
> > might want a stop only triggered by a close. However, if one has
to
> > wait for a close, to see if the stop is hit, execution is going
to be
> > very hard to get right at that closing price. The next bar's
open is
> > more realistic. But if you set a delay, you're going to get the
next
> > bar's close.
> >
> > What I can offer is this: use a generous figure in the setting's
box
> > for commissions to try to simulate slippage. In your case there
can
> > be some pretty significant gaps!
> >
> >
> > --- In amibroker@xxxxxxxxxxxxxxx, "Dave Merrill" <dmerrill@xxxx>
> > wrote:
> > > Typically, I do my analysis in the evening, on EOD data, and
trade
> > at open
> > > the following morning. Am I right that there's no ApplyStop
mode
> > that checks
> > > only Close price for stop hits, and trades the following Open?
> > >
> > > Here's what the dosc say for the ExitAtStop parameter:
> > >
> > > ExitAtStop = 0 - means check stops using only trade price and
exit
> > at
> > > regular trade price
> > > (if you are trading on close it means that only close price
will be
> > checked
> > > for exits and exit will be done at close price)
> > > ExitAtStop = 1 - check High-Low prices and exit intraday on
price
> > equal to
> > > stop level on the same bar when stop was triggered
> > > ExitAtStop = 2 - check High-Low prices but exit NEXT BAR on
regular
> > trade
> > > price.
> > >
> > > Thanks,
> > >
> > > Dave Merrill
> >
> >
> >
> >
> > Check AmiBroker web page at:
> > http://www.amibroker.com/
> >
> > Check group FAQ at:
http://groups.yahoo.com/group/amibroker/files/groupfaq.html
> > Yahoo! Groups Links
> >
> >
> >
> >
> >
> >
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