Re: System Tester Stops -- Exit at the Stop Price

["Glen Wallace" <gcwallace@xxxxxxxx>]

Ken:

Here is an extract from the MetaStock manual on stops, trade delays and
gaps:

    "When a stop is triggered, the position is closed regardless of the
    current status of your trading rules.  The price at which the position
    is closed is the actual stop price or the specified exit price.  If you
    check the "Exit at Stop Price" box in the Stops dialog, the position
    is closed at that exact stop price level, even if a trade delay has
    been specified.  Trade delays are ignored if the Exit at Stop Price
    box is checked."

    "If the price gaps below a stop level on a long position, MetaStock
    Pro exits at the open price of the next bar.  If no open price is
    available, the high price of the next bar is used.  Likewise, if the
    price gaps above a stop level on a short position, MetaStock Pro
    exits at the open price of the next bar.  If no open price is available,
    the low price of the next bar is used."

It would be worth testing this in any case.

Regards.

Glen


----- Original Message -----
From: <wander@xxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: August 13, 1999 15:40
Subject: Re: System Tester Stops -- Exit at the Stop Price

> Glen.
>
> Coincidentally the day before this thread started I emailed Equis about
> this. Yesterday I sent a follow up email to their reply  and will let you
> know if I learn anything enlightning.
>
> Regards,
> Ken