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Sorry the cut and paste did not work well.
Stop #3 would be to change the multiple of the ATR to 1.6 from 3
after the position has moved up 4 times the initial risk (buyprice -
3 * ATR(10))
Thanks
--- In amibroker@xxxxxxxxxxxxxxx, "Ara Kaloustian" <ara1@xxx> wrote:
>
> Would you clarify #3. I don't understand your description
>
> ara
>
> ----- Original Message -----
> From: "stevemajors" <stevemajors@xxx>
> To: <amibroker@xxxxxxxxxxxxxxx>
> Sent: Wednesday, December 10, 2008 9:18 PM
> Subject: [amibroker] Van Tharp trading exits
>
>
> > Has anybody already coded Van Tharps suggested Exits as follows:
> >
> > 1. Initial stop - entry price minus three-times-volatility (3*
10 Day ATR)
> >
> > 2. Second, - whenever the market moves twice the daily
volatility from
> > yesterday's close against you in a single Day (2 * Avg 10 Day
ATR)
> >
> > 3. Lastly, a 4-R profit will after a 4-R profit is triggered,
your
> > trailing volatility stop moves up to 1.6 times the average True
range
> > (i.e., instead of 3 times).
> >
> > I have the following for the AFL code for 1 and 2:
> >
> > //1. Initial stop
> > ApplyStop( stopTypeLoss, stopModePoint, 3 * ATR( 10 ), True );
> >
> > //2. Second stop
> > Sell = (Ref(C,-1) - C > 2 * ATR(10));
> >
> > I'm not sure how to calculate the last exit (3. 4-R profit)?
> > If I give buyprice = ... same as buy formula, how do I keep the
value
> > of (3 * ATR(10)) at the time the buy occurs to calculate initial
risk?
> >
> > Thanks
> >
> >
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------------------------------------
**** 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:
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For other support material please check also:
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