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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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