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Hello,
It is relatively easy:
Shares = 500;
PositionSize = Shares * BuyPrice;
StopPointAmount = 1000 / Shares;
ApplyStop(stopTypeLoss,stopModePoint, StopPointAmount );
Best regards,
Tomasz Janeczko
amibroker.com
----- Original Message -----
From: "cby" <cby1@xxxxxxx>
To: <amibroker@xxxxxxxxxxxxxxx>
Sent: Sunday, August 29, 2004 10:48 PM
Subject: [amibroker] "Dollar Stop" in AB?
>
> Hello.
>
> How would I go about implementing a dollar stop, a la Larry Williams
> and others (let's say close if loss in an open trade exceeds $1000)?
> Doesn't seem to be supported by ApplyStop. The answer from support
> was:
>
> > > > Hello,
> > > >
> > > > You can code it with use of ApplyStop() funtion:
> > > >
> > > > ApplyStop(stopTypeLoss,stopModePoint,1000);
> > > >
> > > > You can also set it up in:
> > > > Analysis -> Automatic Analysis -> Settings -> Stops (tab)
> > > > (Maximum Loss Stop, point, enter 1000 in the field)
> > > >
> > > > See:
> > > > http://www.amibroker.com/guide/afl/afl_view.php?applystop
>
> I don't think this is what I want - doesn't this mean the stop is
> activated after the stock drops 1000 *points*? That seems to be how
> StopModePoint works. So on a 500 share trade, that's a loss of 500K.
>
> Now I could do it in conjunction with position size, (set Point stop
> at 2 for 500 shares), but I want to be able to do it independently of
> position size right now.
>
> Thoughts?
>
> Thanks,
> Chris
>
>
>
>
>
> 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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