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ATR Stop Long formula: HHV(H-3.5*ATR(10),19)
ATR Stop Short formula: LLV(L+3.5* ATR(10),19)
you can adjust the atr(value) and multiplier and lookback to please you.
eg: (L+2.5*ATR(13),lookabackXperiods)
Regards,
Kevin
----- Original Message -----
From: "Philip" <pschmi02@xxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Tuesday, June 26, 2001 10:37 PM
Subject: Trailing stop formula
> Greetings,
>
> I would like to ask your help in writing a formula for trailing stops. The
> concepts themselves are very basic:
>
> For short trades: H + ATR(10)
> For long trades: L- ATR(10) . . . or some such, doesn't really matter at
this
> point.
>
> But I'd like to write the formula in such a way that once a trade has been
> entered, the stop ONLY moves in the direction of the trade, or stays at
the
> same level. Thus, in a short trade, the stop would only follow the market
> down or stay unchanged, it would never retrace any progress it's made,
never
> give up any ground, even if the market moved up against the position. The
> same would hold true for a long trade, in reverse naturally. The trailing
> stop moves up with price, but goes sideways if the market drops, thereby
> letting the stop take me out.
>
> Has anyone been over this terrain? I am running MS 6.52.
>
> Best regards,
> Philip
>
>
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