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Yes, it is relatively easy *if I want to control position size*. What
if I just want AB to decide the position size (as it does now), and
let it apply my straight dollar stop?
I suspect there is no way to do this - can I access the position size
that AB has chosen somehow?
Thanks,
Chris
--- In amibroker@xxxxxxxxxxxxxxx, "Tomasz Janeczko" <amibroker@xxxx>
wrote:
> 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@xxxx>
> 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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