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Gary/
The "Trading the Trend" indicator is a trailing stoploss. When the
close is above the HiLimit it assumes an uptrend (blue bars), and trails
the highest high within the lookback period. Once prices reverse and
you get a close below the HiLimit a downtrend is assumed (red bars), the
indicator flips and the LoLimit trails the lowest low within the
lookback period. Varying the lookback period lets you experiment with
tighter stops and more exits, or looser stops and greater drawdowns. We
can't have it both ways.
Harvey Pearce, Victoria, B.C., Canada
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Randall_Gary@xxxxxxxx wrote:
>
> Harvey Pearce was very kind to post the "Trading the Trend" indicator and
> expert. I notice that the Hi and Lo Limits move up and down rather than
> trending in one direction only. Is this intentional? I haven't read the
> article yet, which may address this issue.
>
> Gary Randall - Brunswick, Maine
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