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Re: Stop Loss



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<DIV><FONT color=#008080 face=Arial><STRONG><EM>Thanks HHP&nbsp; 
!</EM></STRONG></FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV><FONT color=#008080 face=Arial><STRONG><EM>Can you please give additional 
explanation ?</EM></STRONG></FONT></DIV>
<DIV><FONT color=#008080 face=Arial><STRONG><EM>When i plot the short one it's 
below the long one</EM></STRONG></FONT></DIV>
<DIV><FONT color=#008080 face=Arial><STRONG><EM>in general : is that ok 
?</EM></STRONG></FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV><FONT color=#008080 face=Arial><STRONG><EM>Thx.</EM></STRONG></FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV><FONT color=#008080 face=Arial><STRONG><EM>Theo 
Lockefeer.</EM></STRONG></FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV>&nbsp;</DIV>
<DIV>&nbsp;</DIV>
<DIV><FONT face=Arial size=2>----- Original Message ----- </FONT>
<DIV><FONT face=Arial size=2>From: HHP &lt;<A 
href="mailto:hhp@xxxxxxxx";>hhp@xxxxxxxx</A>&gt;</FONT></DIV>
<DIV><FONT face=Arial size=2>To: &lt;<A 
href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx</A>&gt;</FONT></DIV>
<DIV><FONT face=Arial size=2>Sent: March 15, 2000 6:36 AM</FONT></DIV>
<DIV><FONT face=Arial size=2>Subject: Re: Stop Loss</FONT></DIV></DIV>
<DIV><BR></DIV><FONT face=Arial size=2>&gt; Here's a stoploss from Chande &amp; 
Kroll's The New Technical Trader p.167,<BR>&gt; 'Volatility-Based Trailing 
Stops'.&nbsp; There are three input variables to<BR>&gt; play with.<BR>&gt; 
<BR>&gt; {Volatility Stop (Long)}<BR>&gt; Pds1:= Input("ATR 
Lookback?",2,100,10);<BR>&gt; Mult:= Input("ATR Multiplier?",1,20,3);<BR>&gt; 
Pds2:= Input("HHV Lookback?",2,100,20);<BR>&gt; PrelimStop:= HHV(H,Pds1) - 
ATR(Pds1)*Mult;<BR>&gt; ActualStop:= HHV(PrelimStop,Pds2);<BR>&gt; 
ActualStop<BR>&gt; <BR>&gt; {Volatility Stop (Short)}<BR>&gt; Pds1:= Input("ATR 
Lookback?",2,100,10);<BR>&gt; Mult:= Input("ATR Multiplier?",1,20,3);<BR>&gt; 
Pds2:= Input("LLV Lookback?",2,100,20);<BR>&gt; PrelimStop:= LLV(L,Pds1) + 
ATR(Pds1)*Mult;<BR>&gt; ActualStop:= LLV(PrelimStop,Pds2);<BR>&gt; 
ActualStop<BR>&gt; <BR>&gt; HHP<BR>&gt; =========================<BR>&gt; 
<BR>&gt; Simon Roberts wrote:<BR>&gt; &gt; <BR>&gt; &gt; wally,<BR>&gt; &gt; 
can't quite figure how this will work. if you&nbsp; leave the stop at 80% of 
your<BR>&gt; &gt; close it will work well all the way up; it won't ever trigger; 
but on the<BR>&gt; &gt; way down, it will carry on down beneath you, in a 
comforting sort of way.<BR>&gt; &gt; It's a bit like hanging out a sell now sign 
on the end of a rope hanging<BR>&gt; &gt; from your hot air balloon, you only 
catch up with it when you hit the<BR>&gt; &gt; ground.<BR>&gt; &gt; <BR>&gt; 
&gt; one way to plot some price offsets is with the moving average 
indicator,<BR>&gt; &gt; which is on the toolbar, indicator quicklist, which lets 
you input say 1 day<BR>&gt; &gt; average, at any displacement from the price, up 
down and or sideways.<BR>&gt; &gt; Simon<BR>&gt; &gt; <BR>&gt; &gt; 
-----Original Message-----<BR>&gt; &gt; From: j seed &lt;<A 
href="mailto:jseed_10@xxxxxxxxxxx";>jseed_10@xxxxxxxxxxx</A>&gt;<BR>&gt; &gt; To: 
metastock@xxxxxxxxxxxxx &lt;<A 
href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx</A>&gt;<BR>&gt; 
&gt; Date: 14 March 2000 16:04<BR>&gt; &gt; Subject: Re: Stop Loss<BR>&gt; &gt; 
<BR>&gt; &gt; &gt;Wallie,<BR>&gt; &gt; &gt;Pie of cake! First go to the 
Indicator Builder...click on new...name your<BR>&gt; &gt; &gt;new 
indicator(Wallie's 20% Stop Loss Indicator). Now the hard part...how<BR>&gt; 
&gt; &gt;does your original indicator plot? Is it an oscillator or a simple 
line<BR>&gt; &gt; &gt;study? Oscillators plot above and below a specific point 
usually zero. Line<BR>&gt; &gt; &gt;studies plot price values. If you are 
willing to accept a value that is 80%<BR>&gt; &gt; &gt;of your original 
indicator value then go to functions and select your<BR>&gt; &gt; &gt;indicator 
(ie. let's use CCI(14)...) Finally, we want a value of 80% so<BR>&gt; &gt; 
&gt;we'll multiply by .80 . So here's your indicator:<BR>&gt; &gt; 
&gt;W20SLI<BR>&gt; &gt; &gt;CCI(14) * .80<BR>&gt; &gt; &gt;<BR>&gt; &gt; &gt;You 
may also want to use the other side of the equation by multiplying by<BR>&gt; 
&gt; &gt;120%; so your indicator would be:<BR>&gt; &gt; &gt;<BR>&gt; &gt; 
&gt;CCI(14) * 1.20<BR>&gt; &gt; &gt;<BR>&gt; &gt; &gt;You can plot both lines at 
the same time in the same indciator by defining<BR>&gt; &gt; &gt;them in an 
indicator as follows:<BR>&gt; &gt; &gt;<BR>&gt; &gt; &gt;{W20SLI}<BR>&gt; &gt; 
&gt;MINUS:= CCI(14) * .80;<BR>&gt; &gt; &gt;PLUS:= CCI(14) * 1.20;<BR>&gt; &gt; 
&gt;MINUS;<BR>&gt; &gt; &gt;PLUS;<BR>&gt; &gt; &gt;<BR>&gt; &gt; &gt;Okay, we've 
helped you and now it's your turn to help us! Share the results<BR>&gt; &gt; 
&gt;of what you get!<BR>&gt; &gt; &gt;<BR>&gt; &gt; &gt;J.<BR>&gt; &gt; 
&gt;<BR>&gt; &gt; &gt;<BR>&gt; &gt; &gt;&gt;From: "Norman Walsh" &lt;<A 
href="mailto:nwalsh@xxxxxxxxxxx";>nwalsh@xxxxxxxxxxx</A>&gt;<BR>&gt; &gt; 
&gt;&gt;Reply-To: <A 
href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx</A><BR>&gt; &gt; 
&gt;&gt;To: &lt;<A 
href="mailto:metastock-list@xxxxxxxxxxxxx";>metastock-list@xxxxxxxxxxxxx</A>&gt;<BR>&gt; 
&gt; &gt;&gt;Subject: Stop Loss<BR>&gt; &gt; &gt;&gt;Date: Mon, 13 Mar 2000 
20:47:02 -0000<BR>&gt; &gt; &gt;&gt;<BR>&gt; &gt; &gt;&gt;Hi<BR>&gt; &gt; 
&gt;&gt;As a new comer to metastock I would like to know how to plot an 
Indicator<BR>&gt; &gt; &gt;&gt;20% below a line chart, as a stop loss. Also how 
to start it at a specific<BR>&gt; &gt; &gt;&gt;date.<BR>&gt; &gt; 
&gt;&gt;<BR>&gt; &gt; &gt;&gt;Thanks in advance.<BR>&gt; &gt; &gt;&gt;<BR>&gt; 
&gt; &gt;&gt;wallie.<BR>&gt; &gt; &gt;<BR>&gt; &gt; 
&gt;______________________________________________________<BR>&gt; &gt; &gt;Get 
Your Private, Free Email at <A 
href="http://www.hotmail.com";>http://www.hotmail.com</A><BR>&gt; &gt; 
&gt;<BR>&gt; &gt; &gt;<BR>&gt; </FONT></BODY></HTML>
</x-html>From ???@??? Wed Mar 15 13:50:30 2000
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From: "Al Taglavore" <altag@xxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Subject: Re: Weekly Picks
Date: Wed, 15 Mar 2000 12:48:40 -0600
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Status:   

Hey Jim,  if it weren't for the "them's", then there wouldn't be any
"us's".  Perhaps you have your "stop" placed too close.  The overwhelming
response is that the sharing you and Guy are posting is what
traders/investors want.  How many others have the confidence level in their
methodology that they will share their trades when they place
them......before the results are known?

I observed a bottoming pattern in ANN, and on 3/9  I entered a position.  I
added to the position on 3/14, and again today 3/15.

Yesterday's low was not violated this morning on WMT.  After WMT broke out
of the opening hour range, I entered. Added to the position at 49 2/16.

Anyone else notice any patterns that they have found profitable and would
like to share? 
Until one learns to take a loss (and not take it personally) then one will
not learn to win.

Al Taglavore


----------
> From: Lionel Issen <lissen@xxxxxxx>
> To: metastock@xxxxxxxxxxxxx
> Subject: Re: Weekly Picks
> Date: Wednesday, March 15, 2000 10:53 AM
> 
> Jim:
> 
> You can add my name to this posting too.
> 
> Please keep on posting here.
> 
> Warm regards