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Hello,
Of course it should be:
ApplyStop( stopTypeLoss, stopModePoint, Close - High + OrigStopAmount, 2, True );
The rest (the second formula) is OK.
Best regards,
Tomasz Janeczko
amibroker.com
----- Original Message -----
From: "zozuzoza" <zozuka@xxxxxxxxx>
To: <amibroker@xxxxxxxxxxxxxxx>
Sent: Tuesday, October 14, 2008 3:23 PM
Subject: [amibroker] Re: Applystop StopLoss - trade on next day OPEN when PREVIOUS day CLOSE
> 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.
>> >>
>> >
>> >
>> >
>> > ------------------------------------
>> >
>> > **** IMPORTANT ****
>> > This group is for the discussion between users only.
>> > This is *NOT* technical support channel.
>> >
>> > *********************
>> > TO GET TECHNICAL SUPPORT from AmiBroker please send an e-mail
> directly to
>> > SUPPORT {at} amibroker.com
>> > *********************
>> >
>> > For NEW RELEASE ANNOUNCEMENTS and other news always check DEVLOG:
>> > http://www.amibroker.com/devlog/
>> >
>> > For other support material please check also:
>> > http://www.amibroker.com/support.html
>> >
>> > *********************************
>> > Yahoo! Groups Links
>> >
>> >
>> >
>>
>
>
>
> ------------------------------------
>
> **** IMPORTANT ****
> This group is for the discussion between users only.
> This is *NOT* technical support channel.
>
> *********************
> TO GET TECHNICAL SUPPORT from AmiBroker please send an e-mail directly to
> SUPPORT {at} amibroker.com
> *********************
>
> For NEW RELEASE ANNOUNCEMENTS and other news always check DEVLOG:
> http://www.amibroker.com/devlog/
>
> For other support material please check also:
> http://www.amibroker.com/support.html
>
> *********************************
> Yahoo! Groups Links
>
>
>
------------------------------------
**** IMPORTANT ****
This group is for the discussion between users only.
This is *NOT* technical support channel.
*********************
TO GET TECHNICAL SUPPORT from AmiBroker please send an e-mail directly to
SUPPORT {at} amibroker.com
*********************
For NEW RELEASE ANNOUNCEMENTS and other news always check DEVLOG:
http://www.amibroker.com/devlog/
For other support material please check also:
http://www.amibroker.com/support.html
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