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Hello,
Please note that SetOption("AllowSameBarExit",1) is NOT wrong because
I want to use Profittarget since Buyprice=Open triggered on previous
day Buy signal (SetTradeDelays( 1, 1, 1, 1 )). I want to exit on the
same day with Profittarget if possible.
Your code is not according to the AFL Function Reference, which says
ApplyStop( type, mode, amount, exitatstop, volatile = False,
ReEntryDelay = 0 )
and your code is
ApplyStop( stopTypeLoss, stopModePoint, OrigStopAmount, Close - High
+ OrigStopAmount, 2, True );
I have already tried the 2nd code and I could not get it right. I try
again but I doubt that the exit signals will be right.
Best regards,
Zozuka
--- In amibroker@xxxxxxxxxxxxxxx, "Tomasz Janeczko" <groups@xxx>
wrote:
>
> Hello,
>
> *Everything* is possible in AFL.
> You can print it and hang over your desk.
>
> What's more there are usually many ways to do every thing.
> From complicated ones to easy ones.
>
> The fact that you don't know how to do given thing
> does not mean that it is impossible. It only means that
> you need to learn.
>
> Answering original poster:
> >> The settings I would like to use is as follows.
> >> SetOption("AllowSameBarExit",1);
> WRONG. Should be set to zero (false).
> This should be only set to true when SINGLE BAR trade is allowed.
> In your case it is NOT because exit is based on PREVIOUS BAR close.
>
> If you want to use CLOSE instead of High-Low range for stop loss,
> you should simply use Volatile = True setting in ApplyStop
> and add the difference between High and Close to your stop amount:
>
> OrigStopAmount = 0.3;
>
> ApplyStop( stopTypeLoss, stopModePoint, OrigStopAmount, Close -
High + OrigStopAmount, 2, True );
>
> This is assuming that you need stop in points.
>
> The other method is presented in the Knowledge Base and it does
> not require ApplyStop at all. It is general-purpose code for any
kind of stop
> with any imaginable setup
> http://www.amibroker.com/kb/2007/03/24/how-to-plot-a-trailing-stop-
in-the-price-chart/
>
> With modification of two lines we can adopt it to max. loss stop
that acts on next
> open based on prev day penetration of stop level by close price
>
> stopLevel = 1 - Param("stop %", 3, 0.1, 10, 0.1)/100;
>
> Buy = Cross( MACD(), Signal() );
> Sell = 0;
> trailARRAY = Null;
> trailstop = 0;
>
> for( i = 1; i < BarCount; i++ )
> {
> if( trailstop > 0 AND Low[ i ] < trailstop )
> {
> Sell[ i ] = 1;
> SellPrice[ i ] = Open[ i ];
> trailstop = 0;
> }
>
> if( trailstop == 0 AND Buy[ i ] )
> {
> trailstop = Close[ i ] * stoplevel;
> }
> else Buy[ i ] = 0; // remove excess buy signals
>
> if( trailstop > 0 )
> {
> trailARRAY[ i ] = trailstop;
> }
>
> }
>
> PlotShapes(Buy*shapeUpArrow,colorGreen,0,Low);
> PlotShapes(Sell*shapeDownArrow,colorRed,0,High);
>
> Plot( Close,"Price",colorBlack,styleBar);
> Plot( trailARRAY,"trailing stop level", colorRed );
>
> Best regards,
> Tomasz Janeczko
> amibroker.com
> ----- Original Message -----
> From: "zozuzoza" <zozuka@xxx>
> To: <amibroker@xxxxxxxxxxxxxxx>
> Sent: Tuesday, October 14, 2008 2:16 PM
> Subject: [amibroker] Re: Applystop StopLoss - trade on next day
OPEN when PREVIOUS day CLOSE
>
>
> > Unfortunately, this is not possible in AFL I am afraid. I tried
the
> > following but does not work either because sometimes it gives
wrong
> > signals.
> >
> > Sell=C<(1-StopLoss/100)*ValueWhen(Buy,Ref(O,1),1)
> >
> > I wonder if anybody managed to build proper trading system based
on
> > EOD data in Amibroker, which can be used in real trading. If your
> > indicators are based on Close then you have to trade on next day
> > Open, in which case you need to use Settradedelays and you are
> > immediately dead as AFL does not support this. If you want to use
> > combined StopLoss and Profittarget exits together, it does not
work.
> > If you want to use combined Trailing stop and PT exits, it does
not
> > work. You can find couple of useless examples in AFL Function
> > Reference under ApplyStop, which has nothing to do with real
trading.
> >
> > I am really disappointed with Amibroker and AFL. I have been
> > programming it for 2 years so I know what I am talking about. You
> > cannot find out what the reason of the bad exit signals are. It
is
> > like a black box.
> >
> >
> > --- In amibroker@xxxxxxxxxxxxxxx, "zozuzoza" <zozuka@> wrote:
> >>
> >> Hi,
> >>
> >> I would like to apply a stoploss on next day OPEN when PREVIOUS
day
> >> CLOSE hits stop and Sellprice=Open. In the AFL library, I could
only
> >> find the solution for
> >> "Scenario 3:
> >> you trade on next day OPEN and want to exit by stop on OPEN price
> >> when PREVIOUS day H-L range hits stop"
> >>
> >> This is almost good for me except I want the Applystop function
to
> >> check the PREVIOUS day Close instead of the H-L range.
> >>
> >> The settings I would like to use is as follows.
> >> SetOption("AllowSameBarExit",1);
> >> SetOption( "ActivateStopsImmediately", 1);
> >> SetTradeDelays( 1, 1, 1, 1 );
> >> BuyPrice=O;
> >> SellPrice=O;
> >>
> >> I am stucked. Could anybody help me please how I can do it.
> >>
> >> Thank you.
> >>
> >
> >
> >
> > ------------------------------------
> >
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> >
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> >
> >
> >
>
------------------------------------
**** IMPORTANT ****
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