Re: [amibroker] Stop adjustment after a certain amount of gain

["wavemechanic" <timesarrow@xxxxxxxxxxxxx>]

What's wrong with ApplyStop()?

----- Original Message -----

From: droskill

To: amibroker@xxxxxxxxxxxxxxx

Sent: Wednesday, May 21, 2008 12:08 PM

Subject: [amibroker] Stop adjustment after a certain amount of gain

Hey all,

I'm trying to have a stop that changes based on the gain/loss in a
position.  Here's what I'm trying to do:

1. On entry, there should be a fixed 8% stop loss in place.
2. If the instrument gains more than 8%, now have a 25% trailing stop,
where the stop is trailed off of the highest high since entry.

It would look something like(from another piece of software):

HH=Highest(High,BarsSinceEntry,0)
TrailStopPrice=HH-(HH*(25/100))

Any pointers greatly appreciated.


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