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Does Amibroker allow two trailing stops?
I've been trying to code two trailing stops with different criteria in Amibroker 5.10.
Why do this: Some, but not all, of the ATR-based trailing stops allow too big of a loss when the 7% stop seems to catch them earlier.
Here is what I've tried:
The first criterion is for a 7% trailing stop.
The second criterion is for an ATR-based trailing stop.
They are in this order in the code.
When running the code, it displays on a chart the two trailing stops as expected. However, when I look at the resulting table in the Automatic Analysis window, it doesn't show the 7% trailing stop data. However, the ATR-based stop does show in the table.
>From the settings button and then the Backtester window, and then the Stops tab, I disabled the trailing stops. I did this because the software code by the user overrides the backtester settings as I understand it.
My backtest mode:
SetBacktestMode(backtestRegular);
Here is the 7% trailing stop code:
ApplyStop(2,1,7,1,False,1);
Equity(1,0); //ThIS EVALUATES STOPS.
Plot(Sell==4,"7% Loss",colorBlue,styleArea|styleOwnScale);//4 is for trailing stops
For the ATR-based trailing stop:
TrailStop = 0;
TrailStop = HHV( C - 3* ATR(10),15);
Sell = C < TrailStop OR Open < TrailStop OR Low < TrailStop; //must tell it when to sell
ApplyStop(2, 2, TrailStop, 1, False, 1) ;
Equity(1,0); //ThIS EVALUATES STOPS
Plot(Sell,"Trlng Stop 3*atr(10)",colorOrange,styleArea|styleOwnScale);
So, either the application won't recognize two trailing stops criteria or I have overlooked something. I think it is the latter, but I just don't know where.
My test cases were Powershares ETFs from 1 Sep 08 through 4 Apr 09.
Will anyone point me to a solution?
Regards
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