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Re: Coding MaxLoss and ProfitTarget Stops



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Greg
----- Original Message -----
From: "Lionel Issen" <lissen@xxxxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Tuesday, August 28, 2001 8:05 PM
Subject: Re: Coding MaxLoss and ProfitTarget Stops


> What is the Ross Hook and has it been coded for metastock?
> Lionel Issen
> lissen@xxxxxxxxxxxxxx
> ----- Original Message -----
> From: "Owen Davies" <owen@xxxxxxxxxxxxx>
> To: <metastock@xxxxxxxxxxxxx>
> Sent: Tuesday, August 28, 2001 9:39 PM
> Subject: Re: Coding MaxLoss and ProfitTarget Stops
>
>
> > Roy Larsen explained:
> >
> > > The "Williams Buy Stop" indicator is a breakout entry signal based on
> the
> > work of Bill Williams I
> > > believe his book is called "New Dimensions in Trading". I didn't
create
> > the indicator and don't have
> > > permission to pass it on, but the concept is to enter long once a the
> > price breaks above a previous
> > > high that is straddled by two lower highs on each side.
> >
> > Sounds indistinguishable from a Ross Hook, unless there's more to it.
> > Then again, how often is anything really new in this business, except
the
> > name the promoter sticks on it?
> >
> > Owen Davies
> >
>
>
>