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Ian,
Thanks for sharing this with us, I thought your trade chart v. interesting.
Have you checked out the 1DL, 2DL, 3DL; Robert Miner uses them. These look
similar to your Guppy line, but, you take the extreme high as day 1, then go
back to day three, for the 3DL and take the low there, ignoring any inside
days as you count back. You can tighten it up, to 2DL or 1DL as you think
the move is ending. You will always leave something on the table for the
next guy, that's just life.
-----Original Message-----
From: Ian Burgoyne <iburgy@xxxxxxxxxxx>
To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
Date: 04 April 2000 09:33
Subject: Trailing Stop
>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.
>
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