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G'day Mark,
many thanks for your input,,,i'll try changing it to have ref to the buy price.
1 point stop ,,geez mate i'm not at the stage of scalping index's with live data feeds ,,thats still a "dream" for me way down the line :(
playing with a EOD break out system similar to a NR4 set up buying inbetween highs and wanted to have the stop inbetween the lows,,,
will keep pluggin away at it,
thanks again,
regards,
Paul
Hi Paul,
I might jump in. The problem I see at the moment is that your stop amount needs to be the distance from entry. Assume ref(l,-2) = 10 and ref(l,-1) = 8 and your buy price is 14.
Currently your stop is 10+8-5=13. Don't know about you, but that's a pretty wide stop :-).
I imagine what your looking for under these circumstances is a 1 'point' stop, i.e. 14-13.
Your calc needs to be BuyPrice - (ref(l,-2)+(ref(l,-1)-ref(l,-2))*0.5)
On 18/01/07, paulradge <paulradge@xxxxxxxxxxxxxxx> wrote:
sorry typed the calc wrong should have checked it before posting ,,
this is the calcultion i'm using,,,
ref(l,-2)+(ref(l,-1)-ref(l,-2))*0.5
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