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Steve -
Thanks.
Ron
steve_roweau wrote:
> Ron
>
> I use an ATR stop for a simple weekly system I developed for the
> Aussie market. I backtested various stops (SD, LLV, MA's) using
> TradeSim and found the following ATR stop to be very good. This
> formula always has the stop below the close, so an exit signal is
> given when the stop drops. This is very similar to the logic you were
> using.
>
> {ATR stop}
> Numatr:=Input("Multiples of ATR",1,10,2);
> Periods:=Input("Periods for ATR",2,200,10);
> SL:=C-Numatr*ATR(periods);
> If(C<PREV,SL,If(SL>PREV,SL,PREV)) {some people may not like all the
> prev statement - but it works extremely well!}
>
> to determine an exit condtion use close<ref("stop",-1) where the stop
> is equal to the above formula.
>
> I find this very worthwhile. Haven't had much success with this as a
> daily stop method though - need to determine your own parameters.
>
> You can "reverse" the indicator for a trailing short stop.
>
> Steve
>
> --- In Metastockusers@xxxx, Ron <ronber@xxxx> wrote:
> > Not knowing anything about what I was doing, but having the
> confidence
> > gained by my ignorance and sustained by nothing much better to do,
> after
> > reading this thread I created an upper and lower band
> > Upper:C+ATR(21)
> > Lower:C-ATR(21).
> >
> > It appears that when I drop them on a price plot, if I ratchet my
> stops
> > up staying just outside(below) the lower band I'm kept in a trade
> for
> > most of the run I would want. Likewise, as the upper band
> approaches my
> > target, it seems I need to give some serious consideration about
> staying
> > with the trade or perhaps tightening my stops even further. In some
> > cases parabolic SAR seems to have the same sort of results.
> >
> > Is this at all worthwhile?
> >
> > Ron
> />.
>
>
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