RE: Better Stop Loss Order simulation

["neo" <neo1@xxxxxxxxx>]

Hi Herman

Do not have time to think about this now with the club emergency. There is
another better way to calculate stops using ATR. When this club stuff is
settled we can spend some time on this. I will flag your message for later.

Please consider Bob once again. We can have a chat together if you wish.

neo

-----Original Message-----
From: owner-metastock@xxxxxxxxxxxxx
[mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Herman van den Bergen
Sent: Friday, April 20, 2001 7:07 AM
To: metastock@xxxxxxxxxxxxx
Subject: Better Stop Loss Order simulation


Hi,

If I understand it correctly the Max Loss option (System Editor, Stops)
uses the price (OHLC) you select in the System Tester-Options to calculate
the Stops.

I trade at the Open and am adding

	OR (L < (1 - PercentStopLong) * O) to the Close Long and
	OR (H > (1 + PercentStopShort) * O) to the Close Short formulas

gives a better Stop Loss simulation as it compares the trading price (I
trade the Open) with the low of the day. This would simulate an Intraday
Stop executed on the next day if you are using a one-day trade delay.

Can anyone see a flaw in this or think of a better way to simulate Stop
Loss Orders?

Happy Trading,
Herman.