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OK,
Here is the CODE solution for the below problem to solve e) be it
possibly a non elegant way it works well ...
|||||||||||||||||||__bacround to problem__|||||||||||||||||||||||
Initially a MS user I now have
a) converted all my MS formulas to AB -------------------->DONE
b) learned how to pull metastock data into AB - easy
bit-------------------------------------------------------->DONE
c) created PLOTS for tools-------------------------------->DONE
d) created Scans for BUYS -------------------------------->DONE
now I'm up to
e) created SCANS to monitor for SELLS of ACTUAL TRADES still live
|||||||||||___The PROBLEM ____||||||||||||||||||||||
As I my TRADE SYSTEM have continual entries the problem is telling AB
which trade entry to base the EXIT on so I can scan every day for EXIT
rather than look at every EQUITY position im in . AS an example
initial stop is totally based on ENTRY day and LEVEL . If you read the
below end a post i sent earlier tells how trying to Identify the ENTRY
based on PARAM (say uset a date and purchase level ) seems useless as
every equity has that param level. I needed to find an individualway
of labelling the ENTRY day and time. I have not had any response from
AB so I figured I would continue trying to fix it. I found it using "
line STUDY " If I drew a line with right extension , lock, STUDY ID
"SU" I could tell AB exactly the day from which to PLOT EXITS (
mainly the highest of
a) Init STOP
b) Prof Trailing STOp
c) Normal trade STOP ( similar to inverse chandaleir type )
Below is the code for this solution and the method I use to keep track
of ACTIVE trades-
Trading Procedure -
When I perform a trade I :
T1) get code below and create a worksheet (this is done only once !)
T2) place that equity in a TRADE BIN WATCHLIST
T3) draw a line on sheet with
T3.1 RIGHT extension checked
T3.2 Study ID = SU
T4.3 Trade date entered as first date and level bought
T4) U shuld see an exit plot now
T5) U can scan this watchlist for SELLS which = when Low breaks the
EXIT plot .
:-) Hope this helps someone as it did me
--------------------8<------8<---------------------------
Title = " zMF_HLV_AP_exitSTOP \n RED=INITstop,yellow =trailSTOP,gren=
LLV" ;
//Instructions ----
// drawline starting from trade date and
// level entered onto workspace , tick right extension AND label it "SU"
// if inserting onto a blank workspace add chart ID you want the
Function to look at by looking up param function.
//||||||||||||||||||||||||||||||||||||||||||____Draw
OHCL___|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
SetChartOptions(0,chartShowArrows);
mm = IIf(C > Ref(C,-1) , colorGreen,colorRed) ;
Plot( C, "Close", mm, styleNoTitle | ParamStyle("Style", styleBar,
maskPrice ) );
// CALC STOP PARAMS
INSTOP= Param( "Initi STOP %", 20, 0, 100, 1 ) ; //SET INIT STOP as 20%
TRSTOP= Param( "TRAIL STOP %", 33, 0, 100, 1 ) ; //SET TRAIL STOP as 20%
CHID = Param( "CHART ID obtain from param menu", 0, 0, 2000, 1 ) ;
//get ID do not need to use unless u reference a different LINE page
LLVperd = Param( "LLVperd", 57, 0, 200, 1 ) ; //get LLV PERD
///calc when to print LINE starting from date of trade
ID = IIf( CHID > 0 , CHID , GetChartID() ) ; //finds CHART ID
Line = Study( "su" ,id ) ; // locates line
Lineval = IsEmpty( Line ) ; // when line is valid
//|||||||||||||||||||||____calc LINES
____|||||||||||||||||||||||||||||||||||||||||||||||||||||
Hipoint = IIf( lineval == 0 , HighestSince( Lineval, H , 1) ,Null ) ;
// calc highest point since trade date
TRAILSTOP = Hipoint * ( 100 - TRstop )/100 ; // calc 33% TRAILING
Profit STOP
INITSTOP = Line * ( 100 - instop )/100 ; // calc 20% INTI_STOP
LLVline = IIf( lineval ==0 , LLV( L,LLVperd) ,Null) ;
//|||||||||||||||||||||____determine highest EXIT line or level and
COLOR ____|||||||||||||||||||||||||||
Hiline = IIf( initstop > LLVline , initstop , LLVline ) ;
Hiline1 = IIf( TRAILstop > HiLINE , TrailSTOP , Hiline ) ;
Hilinecol = IIf( initstop > LLVline , colorRed , colorGreen ) ;
Hiline1col = IIf( TRAILstop > HiLINE , colorYellow , Hilinecol ) ;
//|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
// SCAN to track EXITs
Buy =0 ;
Sell = L < Ref( HiLine1 , -1 ) ;
//|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
"ID = " + WriteVal(ID,1.2) ;
AddColumn(Sell, "sell",1.2) ;
//|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
// PLOT
Plot( Hiline1,"HILINE1",HiLINE1col,styleDashed ) ;
--------------------8<------8<---------------------------
--- In amibroker@xxxxxxxxxxxxxxx, "moztrader" <das300@xxxx> wrote:
>
> Please drag the below formula onto a share .
> Set the date of yre trade and adjust the price to the bought price.
> Set the STOP LOSS % and TRAIL PROFIT STOP.
> I developed it to keep a tab of
>
> a) Highest (since trade date) - 33% level: a running 33% PROFIT STOP
>
> b) TRADE entry level - dashed line
>
> This tool helps input INITSTOP loss and Profit TRAILING STOP data into
> my trade platform but I am having difficulty getting it to work as I
> want .
>
> The problem is when I adjust the date and trade amount parameter on
> say msft changing to the next traded equity has the changed paramter
> data as well. So all trades adjust to the same date . I have 10xtrades
> i want to continously monitor STOP and PROFIT EXITS. I cannot think
> of how scan, explore or Functions can store individual entry dates and
> buy prices .
>
> I want this function to have its parameters set according to the
> EQUITY not the worksheet . What I need is to overlay this Function
> into a OHCL window and have it customizable like say a drawn line . A
> drawn line is individual to the stock your drawing on. When you
> change the equity the drawline does not follow onto the next worksheet
> display. If you have drawn 2 lines ,one on each equity they appear
> seperate and do not affect each other. The param function doesnt seem
> to have a global or individual setting for equities.
> Maybe I have missed some way to do this but what comes to mind is a
> variable like Local_param that adjusts to the equity only.
>
> Is there anyway I can do this without asking for a software upgrade ?
>
> Thanks
>
> Maurice
>
>
> //--------------------------------8<-------------------------------
>
> Title = " zMF_HLV_AP_exitSTOP" ;
>
> //calc DATE PARAMS
>
> ppDd = Param( "PPday", 5, 1, 31,1 ) ;
>
> ppMm = Param( "PP Month", 01, 1, 12,1 ) ;
>
> ppyy = Param( "PP Year", 2005, 1900, 2050,1 ) ;
>
> ///calc when to print LINE starting from date of trade
>
> rightday = IIf( Year() == ppyy AND Month() == ppmm AND Day() == ppdd
> ,1 , 0 ) ;
>
> rightdaylatch = Cum( IIf( Year() == ppyy AND Month() == ppmm AND Day()
> == ppdd ,1 , 0 ) ) ;
>
> Hipoint = HighestSince( rightday == 1, H , 1) ;// calc highest point
> since trade date
>
> vw = ValueWhen( rightday == 1 , C , 1 ) ;// value of close since TRADE
> date
>
>
>
> PrPaid = Param( "PricePAID adjust +/- from the close ", 0, -100, 100,
> 0.01 ) ;// allows adjustmet of price paid from close
>
> prpaid = prpaid + VW ;
>
> INSTOP= Param( "Initi STOP %", 20, 0, 100, 1 ) ; //SET INIT STOP as 20%
> TRSTOP= Param( "TRAIL STOP %", 33, 0, 100, 1 ) ; //SET TRAIL STOP as 20%
>
> Pricepaid = IIf( rightdaylatch == 1 ,prpaid , Null ) ;// make valid if
> the date > TRADE date
>
> TRAILSTOP = Hipoint * ( 100 - TRstop )/100 ; // calc 33% TRAILING
> Profit STOP
> INITSTOP = Pricepaid * ( 100 - instop )/100 ; // calc 20% INTI_STOP
>
>
//|||||||||||||||||||||____PLOT____|||||||||||||||||||||||||||||||||||||||||||||||||||||
>
> piccolor = ParamColor("pricepaid", colorLightGrey ) ;
>
> piccolor1 = ParamColor("INITSTOP", colorRed ) ;
> piccolor2 = ParamColor("TRAIL STOP", colorGreen) ;
>
> Plot( pricepaid,"Price Paid",piccolor,styleDashed ) ;
>
> Plot( initstop,"INIT STOP",piccolor1,styleLine ) ;
>
> Plot( trailSTOP,"TRAIL STOP",piccolor2,styleLine ) ;
> //--------------------------------8<-------------------------------
>
>
> >
> > thanks for reading
> >
> > Regards,
> > Maurice
> > australia
> >
> >
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