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RE: [amibroker] Re: fixed stop loop???????????



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Yes, I use a stop and profit target all the time just like you have coded (except I would call myStop2 something like myProfitTarget). 

 

Regards,

 

David

 


From: amibroker@xxxxxxxxxxxxxxx [mailto:amibroker@xxxxxxxxxxxxxxx] On Behalf Of booker_1324
Sent: 03/03/2007 10:41 AM
To: amibroker@xxxxxxxxxxxxxxx
Subject: [amibroker] Re: fixed stop loop???????????

 

Hi Dave,

Thank you for the Applystop explanation as I have struggled with the
proper use of Applystop and this helps a lot.

One more question if I may. Is it possible to have both of these
statements

ApplyStop(stopTypeLoss, stopModePoint, myStop1, 1);
ApplyStop(stopTypeProfit, stopModePoint, myStop2, 1);

In the same program without the latter overriding the former,
effectively creating a bracket trade?

Thx

Ron

--- In amibroker@xxxxxxxxxps.com, "dbw451" <dbw451@xxx> wrote:
>
> Hi Ron,
>
>
>
> This is more code than it needs to be, but hopefully it makes a way
to set
> Buy and Short fixed stops clear (please note: I wrote this for this
as an
> example for this post and have not tested the code):
>
>
>
> myBuyEntryPrice = ValueWhen(Buy,C); // substitute equation for
your buy
> entry price
>
> myBuyStopPrice = Ref(LLV(L,FXLbak),-1); // substitute equation for
your buy
> stop price
>
>
>
> myShortEntryPrice = ValueWhen(Short,C); // substitute equation for
your
> short entry price
>
> myShortStopPrice = Ref(HHV(H,FXLbak),-1);// substitute equation for
your
> short stop price
>
>
>
> myBuyStop = myBuyEntryPrice - myBuyStopPrice; // Buy stop
in points
>
> myShortStop = myShortStopPrice - myShortEntryPrice; // Short
stop in
> points
>
>
>
> myStop = IIf(Buy,myBuyStop,IIf(Short,myShortStop,Null));
>
>
>
> ApplyStop(stopTypeLoss, stopModePoint, myStop, 1);
>
>
>
> Regards,
>
>
>
> David
>
>
>
> _____
>
> From: amibroker@xxxxxxxxxps.com [mailto:amibroker@xxxxxxxxxps.com]
On Behalf
> Of booker_1324
> Sent: 03/02/2007 11:46 PM
> To: amibroker@xxxxxxxxxps.com
> Subject: [amibroker] Re: fixed stop loop???????????
>
>
>
> Hi David,
>
> How would you code mystop if short and cover was also in the code
> along with buy and sell?
>
> Thx
>
> Ron
>
> --- In amibroker@xxxxxxxxx <mailto:amibroker%40yahoogroups.com>
ps.com,
> "dbw451" <dbw451@> wrote:
> >
> > Hi Ian,
> >
> >
> >
> > All you have to do is determine the number of points between your
> entry
> > price and your stop price and use the ApplyStop function. Here's
> an example
> > using your code (which would be placed at the end of your code):
> >
> >
> >
> > myStop = ValueWhen(Buy,C) - Ref(LLV(L,FXLbak),-1);
> >
> > ApplyStop(stopTypeLoss, stopModePoint, myStop, 1);
> >
> >
> >
> > Regards,
> >
> >
> >
> > David
> >
> > _____
> >
> > From: amibroker@xxxxxxxxx <mailto:amibroker%40yahoogroups.com>
ps.com
> [mailto:amibroker@yahoogrou <mailto:amibroker%40yahoogroups.com>
ps.com]
> On Behalf
> > Of ianjw2
> > Sent: 03/02/2007 7:53 PM
> > To: amibroker@xxxxxxxxx <mailto:amibroker%40yahoogroups.com>
ps.com
> > Subject: [amibroker] fixed stop loop???????????
> >
> >
> >
> > Hi all,
> >
> > Below is code for a system that I'm using, however, I want to
> > introduce a Fixed Stop Loss. To be fixed on the Entry Signal day.
> >
> > Problem is, I do not have the faintest idea how to do it.
> >
> > As written, the value works like a trailing stop loss. I suspect
it
> > may need a loop. But my AFL skills still need a lot of improving
I'm
> > afraid. It would be great if someone could point me in the right
> > direction.
> >
> > Cheers
> > Ian
> >
> > /*Liquidity..........*/
> > MinTo=2000000;
> > LastDay=2000000;
> > MinPrice=.40;
> >
> > TurnOv=MA(C,21)*MA(V,21)>MinTo AND V*C>Lastday AND C>Minprice;
> >
> > //Entry Signal
> > TrendMA=MA(C,20);//Trend moving average
> > EnSig=C>TrendMA;//Entry signal - Buy triggered on confirmation
> >
> > //Fixed Stop Loss
> > //FXLbak=2;
> > //FXStop=L<Ref(LLV(L,FXLbak),-1);// Fixed Stop Loss - Fixed from
> Entry
> > Signal day
> >
> > // Sell Signal
> > LBak=20;// Lookback periods
> > ExSig=L<Ref(LLV(L,LBak),-1);// Exit signal - Sell on confirmation
> >
> > Buy=TurnOv AND EnSig;
> > Sell=ExSig;
> > Buy=ExRem(Buy,Sell);
> > Sell=ExRem(Sell,Buy);
> >
>

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