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Hey all,
> Hello
> Walt was kind enough to provide me with the following code - I hope he
> doesn't mind if I share it around. This is something you can try, and
> maybe you can adapt it if it isn't providing exactly what you need.
> Basically, it takes care of the trailing stop which kicks in after
> *MinGainPct* amount of profit has been reached. The trailing stop will
> close the position after *trailPct* of the profit beyond the *MinGainPct
> *profit has been given back I think you have to set up the hard stop
> 'behind the entry' separately, but that shouldn't be a problem.
>
> buyat=BuyPrice;
> MinGainPct=.04;
> trailPct=15;
> pct=IIf((MA(C,2)-buyat)/buyat > MinGainPct,trailPct,9999);
> ApplyStop(stopTypeTrailing,stopModeRisk,pct,1,True);
Being a newbie, i'm a little confused by this. Why are MinGainPct and
trailPct not expressed in the same manner? Does .04 signify 4%? If so,
why not express it as a whole number like trailPct?
Also, does trailPct signify the % amount you allow to retrace before
exiting?
Thanks,
Andrew.
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