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It is not very well documented and I have never used trailing stop myself so can't give you a definite answer.
If I were you, I would probably find out by myself. Just run a backtest and compare the trade price of trailing stops with calculations based on the following:
Yesterday's high or close, today's open or high.
AB is evolving so fast, and some details are not very well documented. I have found myself use _TRACE() a lot to figure out how AB does a lot of calculations, expecially within CBT which I use extensively.
----- Original Message -----
From: jlami11
To: amibroker@xxxxxxxxxxxxxxx
Sent: Friday, November 03, 2006 9:40 AM
Subject: [amibroker] Re: Applystop trailing stop calculation
Hi,
sorry maybe i explained poorly. What i mean is how is the trailing
stop value calculated.
e.g.For long trade using 3*ATR as trailing stop. Is the ATR value
subtracted from yesterdays Close price or from todays Open price etc etc.?
or is it done in some other way entirely?
regards.
--- In amibroker@xxxxxxxxxxxxxxx, Graham <kavemanperth@xxx> wrote:
>
> Applystops work on the High and Low prices crossing the stop value
>
>
> --
> Cheers
> Graham
> AB-Write >< Professional AFL Writing Service
> Yes, I write AFL code to your requirements
> http://www.aflwriting.com
>
>
>
> On 03/11/06, jlami11 <jlami11@xxx> wrote:
> >
> > Thanks Graham and steve for responses to other message.
> >
> > I have another quesiton about the trailing stop that is used in
> > Applystop: Is the amount of whatever trailing stop you are using
> > applied to previous days closing price? or does it work in another
way?
> >
> > Thanks any help appreciated.
> >
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