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Hello Graham,
you misunderstand my point.
basically, once the first trade is instigated the trailing STOP is the exit
point for ALL future trades.
After first Buy for long entry, the stop is a trailing stop value. After
this is triggered the Short is implimented and there is now a trailing stop
for that Short Entry.
Don
-----Original Message-----
From: Graham [mailto:gkavanagh@xxxxxxxxxxxxx]
Sent: Sunday, 25 July 2004 3:28 PM
To: amibroker@xxxxxxxxxxxxxxx
Subject: RE: [amibroker] simple code idea
Easiest to just define your Sell condition, then use Cover=Buy;Short=Sell;
Eg maybe you use similar sell to your buy
Buy = Cross( H, Ref( HHV(H, 5), -1 ) );
Sell = Cross( Ref( LLV(L, 5), -1), L );
Cover=Buy;Short=Sell;
Cheers,
Graham
http://e-wire.net.au/~eb_kavan/
-----Original Message-----
From: Collectable Images [mailto:telecard@xxxxxxxxxxxxxx]
Sent: Sunday, July 25, 2004 1:04 PM
To: amibroker@xxxxxxxxxxxxxxx
Subject: [amibroker] simple code idea
This should be simple I think but I am going round in circles as usual.
An always in system. Stop and Reverse. Any ideas?
Buy on an initial breakout signal such as
buy = Cross(H,Ref(HHV(H, 5),-1)); //break out when high breaks highest high
of last 5 days.
Stop is a trailing stop.
When stopped out, Go short.
When short is stopped out go Long,
continue this for ever.
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