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<SPAN
class=224414412-21062004>Thanks for confirming that I wasn't missing something
about what ApplyStop can do. I realize that this type of stop may not turn out
to be more profitable than a standard trailing stop, but that's what testing is
for (:-).
<SPAN
class=224414412-21062004>
<SPAN
class=224414412-21062004>It would be great if there was a way to use ApplyStop
to check closing prices only, and exit at the open of the next day. Maybe just
add another value for ExitAtStop that means 'Check closing prices only, exit
with regular trade delay at regular exit price'. There might be some more
generic way to parameterize it that would provide additional flexibility, but
that one addition would cover what I'd typically do in
practice.
<SPAN
class=224414412-21062004>
<SPAN
class=224414412-21062004>Dave Merrill
<BLOCKQUOTE
>>
- When the current bar's price isn't driving the stop higher (for
longs),> the stop should rise by itself, at y% per bar, somewhat like
SAR stops. The> idea is to avoid sitting in a trading range that isn't
making any profit or> hitting stops.> This is quite
doable in an AFL loop; I have it coded, and use it in other>
situations. However, it needs to know when and at what price it
entered,> which isn't known when our code runs in rotational
mode.> > - My understanding is that dynamic stop settings (like
ATR multiples or> other variable calculations) aren't supported in
rotational mode. When I set> the 'volatile' parameter to true in
rotational mode, I get this error:> "Variable stops are not supported
in Rotational Trading mode".> Yes the stop that varies the
"amount" from bar to bar is not supported in rotational mode.Apparently
you case is destined for "manual" implementation (i.e. Osaka)But is it
worth it?What I can tell you is that in my opinion you would not get any
better resultwith trailing stop that additionally rises by itself
comparing to plain trailing stop.Generally the more tight stop - the worse
net profit is. Why ? It's plain simple: stops reduce risk if you reduce
risk you also reduce profits.Max loss / trailing stops are good if
your system generates great profits but has unacceptabledrawdown. Then
stops can be used to improve system by lowering drawdowns(profit will go
down too but profit/drawdown ratio may improve)So just backtest your
system using rotational mode and regular trailing stop.If it does not
generate decent profit then it is not worth to bother at all.Only when it
generates great profits and you want just to improve drawdowns it is
worthto consider tighter stop.Best regards,Tomasz
Janeczkoamibroker.com
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