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Thanks for the tip. I'll post the codes I've used a bit later on today.
The ECO oscillator you mentioned - can you provide the MS code for it?
Ian
>From: "j seed" <jseed_10@xxxxxxxxxxx>
>Reply-To: metastock@xxxxxxxxxxxxx
>To: metastock@xxxxxxxxxxxxx
>Subject: Re: Trailing Stop
>Date: Thu, 06 Apr 2000 12:47:46 GMT
>
>Ian,
>
>Consider Robert Krausz"s work and include some filters in your decision
>making process. A good example is the ECO (Ergodic Candlestick Oscillator
>by
>Wm. Blau); a double-smoothed ratio of the difference between the closing
>and
>opening prices and the difference between the high and low. Now about the
>codes for the indicators you have used...where can we find them?
>
>J.
>
>>From: "Ian Burgoyne" <iburgy@xxxxxxxxxxx>
>>Reply-To: metastock@xxxxxxxxxxxxx
>>To: metastock@xxxxxxxxxxxxx
>>Subject: Trailing Stop
>>Date: Tue, 04 Apr 2000 17:20:36 EST
>>
>>I've been trying to improve my position trading by using a volatility
>>indicator to exit long positions primarily to protect profits. I like the
>>concept of a volatility stop as it is directly linked to the ranging
>>activity of the security. A number of them have been discussed on this
>>forum
>>such as the Volatility Stop (Long) by Chande & Kroll, Trading The Trend by
>>Andrew Abrahams, ATR Trailing Stop by Yngvi Hardarson and the Count Back
>>Line by Daryl Guppy.
>>I've attached a chart of a trade I exited today.
>>Acting on the exit signal given by all the indicators yesterday I exited
>>too
>>late and gave up about 72% of available profit which is way too high a
>>price
>>for my liking. By using a lower multiplier of the ATR I would get a
>>tighter
>>stop but often it can take you out of a trade prematurely. Had I based my
>>exit on the trendline I would have exited yesterday.
>>I know it's difficult to counter a gap move down like this one but can
>>anyone suggest a better method which will keep a good portion of profits
>>yet
>>not exit trades too early.
>>regards
>>Ian Burgoyne
>>
>>
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>><< VolatilityStop.gif >>
>
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