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Stephen --
First, my error, ')' in the wrong place.
I wrote:
SellPrice =
IIf(Open<Ref(EMA(C,40),-1,-Rfe),Open,
But should have been:
SellPrice = IIf(Open<Ref(EMA(C,40),-1)-Rfe,Open,
Second, you just need to replace my stop price:
Ref(EMA(C,40), -1)
with yours:
mybuyprice = Ref(BuyPrice, -BarsSince(Buy)); // not
using todays high
gain = Ref(HHV(H, BarsSince(Buy)))- mybuyprice;
mystopprice = mybuyprice + 0.9*gain;
in both Sell and SellPrice equations.
Also, if you don't use an non-zero Rfe, you will get lots of whipsaws.
-- Keith
ezbentley wrote:
Thanks. But is there a way to manually set a trailing stop as a
percentage of the profit/loss of current trade? For example, exit if
the price drops by 10% from the peak value of the current trade.
Thanks,
Steven
--- In amibroker@xxxxxxxxxxxxxxx, Keith McCombs <kmccombs@xxxx>
wrote:
>
> Steven --
> Yep. For example to place sell stop 0.1 below yesterdays
EMA(C,40):
>
> SetTradeDelays(1,0,1,0); // in on tomorrow's open
> BuyPrice = Open;
> ShortPrice = Open;
>
> Rfe = 0.1; // room for error, could use ATR for example
> Slippage = 0.05; // or what ever you want
> SellPrice = IIf(Open<Ref(EMA(C,40),-1,-Rfe),Open,
> Ref(EMA(C,40),-1)-(Rfe+Slippage));
> Sell = IIf(L<Ref(EMA(C,40),-1)-Rfe,True,False);
> // Note: SellPrice is meaningless unless Sell is True
> Short=Cover=0; // I don't short (usually)
> -- Keith
>
> ezbentley wrote:
>
> > Is there any way to implement stops manually without using
ApplyStop?
> >
> > Steven
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