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<DIV><FONT color=#008080 face=Arial><STRONG><EM>Barry and All
:</EM></STRONG></FONT></DIV>
<DIV> </DIV>
<DIV><FONT color=#008080 face=Arial><STRONG><EM>I tried your variant and i think
</EM></STRONG></FONT><FONT color=#008080 face=Arial><STRONG><EM>it's certainly
usefull to have</EM></STRONG></FONT></DIV>
<DIV><FONT color=#008080 face=Arial><STRONG><EM>a line as an orientation
"point" (general level is often</EM></STRONG></FONT></DIV>
<DIV><FONT color=#008080 face=Arial><STRONG><EM>too low for me but that we can
discuss)</EM></STRONG></FONT></DIV>
<DIV> </DIV>
<DIV><FONT color=#008080 face=Arial><STRONG><EM>Maybe it's possible that we
start a general </EM></STRONG></FONT></DIV>
<DIV><FONT color=#008080 face=Arial><STRONG><EM>Stoploss
Discussion.</EM></STRONG></FONT></DIV>
<DIV> </DIV>
<DIV><FONT color=#008080 face=Arial><STRONG><EM>As a start : some general
questions /remarks.</EM></STRONG></FONT></DIV>
<DIV><FONT color=#008080 face=Arial><STRONG><EM>( if you have other remarks or
questions and answers</EM></STRONG></FONT></DIV>
<DIV><FONT color=#008080 face=Arial><STRONG><EM> especially answers
:) go ahead)</EM></STRONG></FONT></DIV>
<DIV> </DIV>
<DIV><FONT color=#008080 face=Arial><STRONG><EM>1) you enter a
position.</EM></STRONG></FONT></DIV>
<DIV> </DIV>
<DIV><FONT color=#008080 face=Arial><STRONG><EM>2) What stoploss level
should we take ?</EM></STRONG></FONT></DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV><FONT color=#008080 face=Arial><STRONG><EM>3) Is it necessary to
place a stoploss-order</EM></STRONG></FONT></DIV>
<DIV><FONT color=#008080 face=Arial><STRONG><EM>
immediately after the entry OR :</EM></STRONG></FONT></DIV>
<DIV><FONT color=#008080 face=Arial><STRONG><EM>
do we choose a SELL order immediately after</EM></STRONG></FONT></DIV>
<DIV><FONT color=#008080 face=Arial><STRONG><EM>
the entry ? Why ? at which level ?</EM></STRONG></FONT></DIV>
<DIV><FONT color=#008080 face=Arial><STRONG><EM>
do we use pivot points ?</EM></STRONG></FONT></DIV>
<DIV> </DIV>
<DIV><FONT color=#008080 face=Arial><STRONG><EM>4) The trailing stop
: </EM></STRONG></FONT></DIV>
<DIV><FONT face=Arial size=2> <FONT
color=#008080 size=3><STRONG><EM>purpose of the trailing stop : to maintain
some</EM></STRONG></FONT></FONT></DIV>
<DIV><FONT color=#008080 face=Arial><STRONG><EM>
percentage ( how much ? variable) of the profit.</EM></STRONG></FONT></DIV>
<DIV><FONT color=#008080 face=Arial><STRONG><EM> ( only
after a target level of profit is reached).</EM></STRONG></FONT></DIV>
<DIV><FONT face=Arial size=2> </FONT></DIV>
<DIV><FONT face=Arial size=2> <FONT color=#008080
size=3><STRONG><EM>example : entry :
50</EM></STRONG></FONT></FONT></DIV>
<DIV><FONT color=#008080
face=Arial><STRONG><EM>
stoploss-level : 47 (?)</EM></STRONG></FONT></DIV>
<DIV><FONT face=Arial
size=2>
<FONT color=#008080 size=3><STRONG><EM>target-level : 55
(?)</EM></STRONG></FONT></FONT></DIV>
<DIV><FONT color=#008080
face=Arial><STRONG><EM>
percentage of profit to maintain : 60 (?)</EM></STRONG></FONT></DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV><FONT color=#008080 face=Arial><STRONG><EM> on day
7 the target level is reached (55) </EM></STRONG></FONT></DIV>
<DIV><FONT face=Arial size=2> <FONT color=#008080
size=3><STRONG><EM>now we determine the trailing stop
:</EM></STRONG></FONT></FONT></DIV>
<DIV><FONT color=#008080 face=Arial><STRONG><EM> 60%
of 55-50 is $3 so trailing stoplevel :
53.</EM></STRONG></FONT></DIV>
<DIV> </DIV>
<DIV><FONT color=#008080 face=Arial><STRONG><EM>5) How to implement a
trailingstop level in Metastock ?</EM></STRONG></FONT></DIV>
<DIV><FONT color=#008080 face=Arial><STRONG><EM>
is it possible with lines on the chart ?</EM></STRONG></FONT></DIV>
<DIV> </DIV>
<DIV><FONT color=#008080 face=Arial><STRONG><EM>6) how can we use a partical but
systematical approach to the</EM></STRONG></FONT></DIV>
<DIV><FONT color=#008080 face=Arial><STRONG><EM>
stoploss questions ?</EM></STRONG></FONT></DIV>
<DIV> </DIV>
<DIV><FONT color=#008080 face=Arial><STRONG><EM>7) Which level should we
use as SELL level ? Why ?</EM></STRONG></FONT></DIV>
<DIV><FONT color=#008080
face=Arial><STRONG><EM> </EM></STRONG></FONT></DIV>
<DIV> </DIV>
<DIV><FONT color=#008080 face=Arial><STRONG><EM>8) things to avoid : too
many stoploss exits.</EM></STRONG></FONT></DIV>
<DIV><FONT color=#008080
face=Arial><STRONG><EM>
too low exit (too little profit).</EM></STRONG></FONT></DIV>
<DIV> </DIV>
<DIV><FONT color=#008080 face=Arial><STRONG><EM>Hope i did start a usefull
discussion.</EM></STRONG></FONT></DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV><FONT color=#008080 face=Arial><STRONG><EM>Theo
Lockefeer.</EM></STRONG></FONT></DIV>
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<DIV><FONT color=#008080 face=Arial><STRONG><EM>
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<DIV> </DIV>
<DIV><FONT face=Arial size=2>----- Original Message ----- </FONT>
<DIV><FONT face=Arial size=2>From: Barry Marx <<A
href="mailto:bmarx@xxxxxxxxx";>bmarx@xxxxxxxxx</A>></FONT></DIV>
<DIV><FONT face=Arial size=2>To: <<A
href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx</A>></FONT></DIV>
<DIV><FONT face=Arial size=2>Sent: February 21, 2000 3:23 AM</FONT></DIV>
<DIV><FONT face=Arial size=2>Subject: Re: Formula Question</FONT></DIV></DIV>
<DIV><BR></DIV><FONT face=Arial size=2>> Below is a variation of the
Chandelier Exit that I came up with. It doesn't<BR>> solve the original
question, but I like the way it plots better. It holds<BR>> the<BR>>
highest value every time the stop moves up, and never moves lower unless<BR>>
the stop is hit, in which case its value is reset.<BR>> -
Barry<BR>> <BR>> Stop1:=If( PREV < L,<BR>> {then} If((
H - 3*ATR(10) ) >= PREV,<BR>>
{then} ( H -
3*ATR(10) ),<BR>>
{else}
PREV),<BR>> {else (L <= PREV)}<BR>>
( H - 3*ATR(10)
));<BR>> <BR>> Stop2:=If( PREV < L,<BR>> {then} If(( C
- 2.5*ATR(10) ) >= PREV,<BR>>
{then} ( C -
2.5*ATR(10) ),<BR>>
{else}
PREV),<BR>> {else (L <= PREV)}<BR>>
( C - 2.5*ATR(10)
));<BR>> <BR>> StopVal:=If(Stop1>Stop2,Stop1,Stop2);<BR>> <BR>>
StopVal;<BR>> <BR>> <BR>> <BR>> <BR>> </FONT></BODY></HTML>
</x-html>From ???@??? Mon Feb 21 10:35:09 2000
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From: "David Bozkurtian" <dbozkurtian@xxxxxxxxxxx>
To: metastock@xxxxxxxxxxxxx
Subject: Re: moving average discrepancies
Date: Mon, 21 Feb 2000 09:30:19 PST
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Status:
Joseph,
I think I had the same problem the first week I was working with Metastock.
When you drop the indicator on the graph, make sure that you select Merge
Scale at right with the price graph. Mine was creating its own scale on the
left and the graphs were wacky. Hope this helps.
David
From: "Joseph Zilaitis" <jzilaiti@xxxxxxx>
Reply-To: metastock@xxxxxxxxxxxxx
To: <metastock@xxxxxxxxxxxxx>
Subject: moving average discrepancies
Date: Sat, 19 Feb 2000 11:39:59 -0500
I know this question was asked some time ago but I can't find the answer in
my archives. When plotting simple moving averages[50,200,etc] I'm getting
results that differ when compared to identical simple moving averages
plotted by other programs. The other comparisons are identical with each
other but differ by a wide margin when compared to MetaStock's . Is this a
problem with my software or am I incorrectly plotting this average somehow?
Could it be an incorrect default setting for an ending date or what? Thank
you.
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