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Or a
single line in amibroker...
<FONT
size=2>
ApplyStop( stopTypeTrailing, stopModePoint, 3 * ATR(), True, True
);
Jayson
<FONT face=Tahoma
size=2>-----Original Message-----From: Glen Wallace
[mailto:gcwallace@xxxxxxx]Sent: Monday, April 21, 2003 5:09
PMTo: metastockusers@xxxxxxxxxxxxxxxSubject: Re:
[Metastockusers] Re: Trade Station/instead of Meta
Stock?Okay, as an example of the complexity in coding
an exit in MetaStockLanguage, here's a simple channel breakout entry that
uses ChuckLeBeau's Chandelier Exit. The equivalent EasyLanguage code
for aChandelier Exit is about three simple lines of code.LONG
ENTRY-----------------UpperChannel:= Ref(HHV(HIGH, opt1),
-1);LowerChannel:= Ref(LLV(LOW, opt1), -1);CLOSE >
UpperChannelLONG EXIT--------------UpperChannel:=
Ref(HHV(HIGH, opt1), -1);LowerChannel:= Ref(LLV(LOW, opt1),
-1);MoneyMgmtStop:= opt2;{DEFINE ENTRY PRICE, WITH EXIT BEING -ENTRY
PRICE AND NO TRADE BEING 0}EntryPrice:= If(PREV <= 0,
{Trade entered today?} If(CLOSE > UpperChannel, CLOSE,
0), {Trade entered before today. Stopped
today?} If(LOW <= PREV - MoneyMgmtStop,
-PREV, If(LOW <=
HighestSince(1,PREV=0,HIGH) - 3 * ATR(10),
-PREV, If(LOW <=
HighestSince(1,PREV=0,CLOSE) - 2.5 * ATR(10), -PREV,PREV))));{EXIT
IF ENTRY PRICE < 0 (MEANING EXIT)}EntryPrice < 0-----
Original Message -----From: "Roy Larsen"
<rlarsen@xxxxxxxxxxxxxx>To:
<metastockusers@xxxxxxxxxxxxxxx>Sent: Monday, April 21, 2003 12:05
PMSubject: Re: [Metastockusers] Re: Trade Station/instead of Meta
Stock?> Glen>> > Have you ever tried to write an
exit in MetaStock language that> > refers to the entry
price?>> I do it all the time. It's not that big a deal. An
accurate exit that> includes provision for a stoploss and profit target
as well as an "entry> independent" exit can be done with as few as two
PREV functions. Three> PREV's are better but not essential if the exit
stops are based solely on> CLOSE.>> Roy>>
> I'm a devoted MetaStock user, but EasyLanguage is the superior> >
language for coding systems and indicators, despite its complexity.>
>> >> >> > ----- Original Message ----->
> From: "Henry Z Kaczmarczyk" <henry1224@xxxxxxxxx>> > To:
<DEFANGED_metastockusers@xxxxxxxxxxxxxxx>> > Sent: Sunday, April
20, 2003 3:53 PM> > Subject: [Metastockusers] Re: Trade
Station/instead of Meta Stock?> >> > > Have you ever
tried to write a formula in easy language? You can> > > only plot 4
lines in an indicator. you have a certain limit of> > > indicators
in tradestation. Metastock is faster than TS, you can> > > only do
1 stock per system test at a time. it costs more for TS> >
>> > >> > >> > > --- In
Metastockusers@xxxxxxxxxxxxxxx, "keithsipos2003"> > >
<keithsipos@xxxx> wrote:> > > > Trade station, seems to
have all the tools Meta stock does, with> > > > simpler means to
arriving at the same ends. Is this a company> > > > that
works as well as Meta Stock/or does metastock have the> > > >
edge?To
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