Re: Stops

["billhebert" <billhebert@xxxxxxxxxxx>]

Bob,
 
This can be tricky becuase a stop like this in 
reference to the Entry Price.  You need to have Metastock code
that can reference an entry price and then trigger 
when you reach a stop.  If you exit strategy is the opposite
of your entry strategy, this can be fairly 
easy.  But if the you exit is independant of your exit this can be 
tricky.
In this case you can get a second entry trigger 
before the exit trigger and this resets your first actual entry 
price.
 
You can use the ValueWhen and BarsSince commands in 
Metastock to build your code and use your entry
trigger to establish the capture of the entry 
price.
 
I am not the expert here but I am familiar with 
what you are trying to do.  Hope this helps a little bit and 
others
can get you to where you needs to go from 
here.
 
Bill
<BLOCKQUOTE dir=ltr 
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  ----- Original Message ----- 
  <DIV 
  style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From: 
  Bob 
  
  To: <A title=metastock@xxxxxxxxxxxxx 
  href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx 
  Sent: Thursday, June 13, 2002 4:14 
  PM
  Subject: Stops
  
  I think I am a dummy but here goes-
  Systems allow us to put in stops. For instance, 
  trailing stops and max loss stops. How do you put those same stops into 
  
  an expert. For instance with decimalization how 
  do you set a $2 trailing stop or max loss stop in the expert. 
  Thanks.