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RE: Stops



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<FONT face=Arial color=#008080 
size=4>David
<FONT face=Arial color=#008080 
size=4> 
I 
could not find the article on stops by Larry Williams at the site you mentioned. 
How do I find it?
 
<FONT face=Arial color=#008080 
size=4>Thanks, neo

  <FONT face=Tahoma 
  size=2>-----Original Message-----From: 
  owner-metastock@xxxxxxxxxxxxx [mailto:owner-metastock@xxxxxxxxxxxxx]On 
  Behalf Of David HuntSent: Wednesday, March 21, 2001 2:30 
  PMTo: metastock@xxxxxxxxxxxxxSubject: 
  Stops
  
  <FONT 
  face="Courier New" color=black size=2><SPAN 
  style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Courier New'">Jeff and 
  all,<SPAN 
  style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Courier New'; mso-color-alt: windowtext">
  <FONT 
  face="Courier New" color=black size=2><SPAN 
  style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Courier New'"> <FONT 
  face="Courier New" color=black size=2><SPAN 
  style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Courier New'; mso-color-alt: windowtext">
  <FONT 
  face="Courier New" color=black size=2><SPAN 
  style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Courier New'">Larry 
  Williams has posted an article of his on what stops mean for systems 
  at<SPAN 
  style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Courier New'; mso-color-alt: windowtext">
  <FONT 
  face="Courier New" color=black size=2><SPAN 
  style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Courier New'"> <FONT 
  face="Courier New" color=black size=2><SPAN 
  style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Courier New'; mso-color-alt: windowtext">
  <FONT 
  face="Courier New" color=black size=2><SPAN 
  style="FONT-SIZE: 10pt; COLOR: windowtext; FONT-FAMILY: 'Courier New'"><A 
  href="http://www.adest.com.au/";>http://www.adest.com.au<FONT 
  face="Courier New" color=black size=2><SPAN 
  style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Courier New'; mso-color-alt: windowtext">
  <FONT 
  face="Courier New" color=black size=2><SPAN 
  style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Courier New'"> <FONT 
  face="Courier New" color=black size=2><SPAN 
  style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Courier New'; mso-color-alt: windowtext">
  <FONT 
  face="Courier New" color=black size=2><SPAN 
  style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Courier New'">It agrees 
  generally with your conclusions and comes up with more.<FONT 
  face="Courier New" color=black size=2><SPAN 
  style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Courier New'; mso-color-alt: windowtext">
  <FONT 
  face="Courier New" color=black size=2><SPAN 
  style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Courier New'"> <FONT 
  face="Courier New" color=black size=2><SPAN 
  style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Courier New'; mso-color-alt: windowtext">
  <FONT 
  face="Courier New" color=black size=2><SPAN 
  style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Courier New'"> <FONT 
  face="Courier New" color=black size=2><SPAN 
  style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Courier New'; mso-color-alt: windowtext">
  <FONT 
  face="Courier New" color=black size=2><SPAN 
  style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Courier New'">Date: Mon, 
  19 Mar 2001 16:01:33 +1000<FONT face="Courier New" color=black 
  size=2><SPAN 
  style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Courier New'; mso-color-alt: windowtext">
  <FONT 
  face="Courier New" color=black size=2><SPAN 
  style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Courier New'">From: "Jeff 
  Ledermann" <j.ledermann@xxxxxxxxx><FONT face="Courier New" 
  color=black size=2><SPAN 
  style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Courier New'; mso-color-alt: windowtext">
  <FONT 
  face="Courier New" color=black size=2><SPAN 
  style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Courier New'">Subject: RE: 
  Profit Stops<SPAN 
  style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Courier New'; mso-color-alt: windowtext">
  <FONT 
  face="Courier New" color=black size=2><SPAN 
  style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Courier New'"> <FONT 
  face="Courier New" color=black size=2><SPAN 
  style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Courier New'; mso-color-alt: windowtext">
  <FONT 
  face="Courier New" color=black size=2><SPAN 
  style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Courier New'">>...<FONT 
  face="Courier New" color=black size=2><SPAN 
  style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Courier New'; mso-color-alt: windowtext">
  <FONT 
  face="Courier New" color=black size=2><SPAN 
  style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Courier New'">> we have 
  now.  Certainly you're not 
  suggesting having the courage to go<FONT face="Courier New" 
  color=black size=2><SPAN 
  style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Courier New'; mso-color-alt: windowtext">
  <FONT 
  face="Courier New" color=black size=2><SPAN 
  style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Courier New'">> without 
  a stop will be best, so I think I'm missing your point 
  here.<SPAN 
  style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Courier New'; mso-color-alt: windowtext">
  <FONT 
  face="Courier New" color=black size=2><SPAN 
  style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Courier New'">><FONT 
  face="Courier New" color=black size=2><SPAN 
  style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Courier New'; mso-color-alt: windowtext">
  <FONT 
  face="Courier New" color=black size=2><SPAN 
  style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Courier New'">> 
  Sincerely-<SPAN 
  style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Courier New'; mso-color-alt: windowtext">
  <FONT 
  face="Courier New" color=black size=2><SPAN 
  style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Courier New'">> Ron 
  Scott<SPAN 
  style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Courier New'; mso-color-alt: windowtext">
  <FONT 
  face="Courier New" color=black size=2><SPAN 
  style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Courier New'"> <FONT 
  face="Courier New" color=black size=2><SPAN 
  style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Courier New'; mso-color-alt: windowtext">
  <FONT 
  face="Courier New" color=black size=2><SPAN 
  style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Courier New'">I think the 
  word you should have used was stupidity not courage :)<FONT 
  face="Courier New" color=black size=2><SPAN 
  style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Courier New'; mso-color-alt: windowtext">
  <FONT 
  face="Courier New" color=black size=2><SPAN 
  style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Courier New'">Dave is sort 
  of right - test it for yourself if you don't believe this.<FONT 
  face="Courier New" color=black size=2><SPAN 
  style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Courier New'; mso-color-alt: windowtext">
  <FONT 
  face="Courier New" color=black size=2><SPAN 
  style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Courier New'">Almost every 
  system will show lower profits with stops and profits will<FONT 
  face="Courier New" color=black size=2><SPAN 
  style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Courier New'; mso-color-alt: windowtext">
  <FONT 
  face="Courier New" color=black size=2><SPAN 
  style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Courier New'">decrease as 
  stops are made tighter.<FONT face="Courier New" color=black 
  size=2><SPAN 
  style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Courier New'; mso-color-alt: windowtext">
  <FONT 
  face="Courier New" color=black size=2><SPAN 
  style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Courier New'"> <FONT 
  face="Courier New" color=black size=2><SPAN 
  style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Courier New'; mso-color-alt: windowtext">
  <FONT 
  face="Courier New" color=black size=2><SPAN 
  style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Courier New'">Now the 
  other side of the coin is that tightening stops (to some 
  minimum<SPAN 
  style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Courier New'; mso-color-alt: windowtext">
  <FONT 
  face="Courier New" color=black size=2><SPAN 
  style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Courier New'">point) 
  reduces drawdown which means that the equity required to trade 
  the<SPAN 
  style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Courier New'; mso-color-alt: windowtext">
  <FONT 
  face="Courier New" color=black size=2><SPAN 
  style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Courier New'">system 
  decreases.  This means that with a 
  given account size you can trade<FONT face="Courier New" 
  color=black size=2><SPAN 
  style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Courier New'; mso-color-alt: windowtext">
  <FONT 
  face="Courier New" color=black size=2><SPAN 
  style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Courier New'">more 
  contracts, which means that as you tighten stops you make more 
  money.<SPAN 
  style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Courier New'; mso-color-alt: windowtext">
  <FONT 
  face="Courier New" color=black size=2><SPAN 
  style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Courier New'">Obviously 
  there is an optimum stop level where you minimize drawdown 
  and<SPAN 
  style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Courier New'; mso-color-alt: windowtext">
  <FONT 
  face="Courier New" color=black size=2><SPAN 
  style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Courier New'">maximize the 
  winning percentage of trades.<FONT face="Courier New" 
  color=black size=2><SPAN 
  style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Courier New'; mso-color-alt: windowtext">
  <FONT 
  face="Courier New" color=black size=2><SPAN 
  style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Courier New'"> <FONT 
  face="Courier New" color=black size=2><SPAN 
  style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Courier New'; mso-color-alt: windowtext">
  <SPAN 
  style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: 'Courier New'">Jeff.<SPAN 
  class=EmailStyle15><SPAN 
  style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-size: 12.0pt">
  <FONT face=Arial color=black 
  size=2><SPAN 
  style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-size: 12.0pt"> 
  David 
  Hunt
  <SPAN 
  style="FONT-SIZE: 11pt"><SPAN 
  style="mso-bidi-font-size: 12.0pt">http://www.adest.com.au/
  <SPAN 
  style="FONT-SIZE: 11pt">Australians 
  phone: 02 9527 4690
  <SPAN 
  style="FONT-SIZE: 11pt"><SPAN 
  style="mso-bidi-font-size: 12.0pt">International: 612 9527 
  4690
  <SPAN 
  style="FONT-SIZE: 11pt">US Callers 
  phone: 1 312 577 0491 Fax 1 312 577 0491
   



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