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Finops:
If I understand what you are saying correctly, ApplyStop does not interfere
with your primary exit strategy. For example, if you are using, say, an MA
crossover as your primary exit but you are also using a maxstoploss or
trailing stop using ApplyStop, then the buyprice/sellprice arrays for the
ApplyStop function (which are set to be activated immediately) may differ
from those you set up for the MA crossover exit (which may take place at
tomorrow's open on a delay). This is possible in AB without a problem.
Regards,
Al Venosa
----- Original Message -----
From: "finops_tonyshomework" <finops_tonyshomework@xxxxxxxxx>
To: <amibroker@xxxxxxxxxxxxxxx>
Sent: Friday, June 11, 2004 3:02 PM
Subject: [amibroker] Re: ApplyStop question
> 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
> > >
> > >
> > >
> > >
> > >
> > >
>
>
>
>
> 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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