Re: [EquisMetaStock Group] Metastock Fixed Trailing Stop Loss to go along with Trade Sim?

["Peter Kuskopf" <pkuskopf@xxxxxxxxxxxxxxx>]

I think the formula that Equis gave you will get 
you just the high of the entry day. 
 
For a trailing chandelier, that is, updated 
with each new high, you probably want:
 
ARC=3; {for example}
BC={Buy Condition};
C<=HighestSince(1, BC, H) - 
ARC*atr(7);
 
Peter
<BLOCKQUOTE 
>
  ----- Original Message ----- 
  <DIV 
  >From: 
  Gordon 
  Sutherland 
  To: <A 
  title=equismetastock@xxxxxxxxxxxxxxx 
  href="">equismetastock@xxxxxxxxxxxxxxx 
  
  Sent: Monday, August 04, 2003 5:30 
  PM
  Subject: RE: [EquisMetaStock Group] 
  Metastock Fixed Trailing Stop Loss to go along with Trade Sim?
  
  I 
  wanted to to set a Chandelier Exit in the Enhanced System Tester EOD and 
  received the following assistance from Equis Inter'l. Metastock seems to make 
  it very hard to establish easily the Position Entry Date. Hope the 
  undermentioned doesn't add to the confusion.
  <FONT face=Arial color=#0000ff 
  size=2>Regards,
  <FONT face=Arial color=#0000ff 
  size=2>Gordon Sutherland
  <FONT face=Arial color=#0000ff 
  size=2> 
  From: <A 
  href="">formulas@xxxxxxxxxSent: 
  Thursday, 26 June 2003 3:54 a.m.To: 
  gosuth@xxxxxxxxxxxxSubject: RE: Coding of a Volatility Exit 
  [T200306230076]
  Sir, <FONT face=Arial 
  size=2>  you will have to use the 
  valuewhen function. It would look like 
  :   <FONT face=Arial 
  size=2>BC:={buy condition}; <FONT face=Arial 
  size=2>Valuewhen(1,BC,H)   
  Hope this helps <FONT face=Arial 
  size=2>  Best regards, 
  Patrick S Nouvion <FONT face=Arial 
  size=2>Equis Technical support  
  -----Original Message----- <FONT 
  face=Arial size=2>From: IMCOutgoing Sent: 
  Monday, June 23, 2003 3:09 AM Subject: 
  Re:Coding of a Volatility Exit [T200306230076Z305061] 
  Sender  : gosuth@xxxxxxxxxxxx <FONT 
  face=Arial size=2>Tracking Number         : 
  T200306230076Z305061 Pool    : 
  Formulas Sent to 
          : Equis support 
  <support@xxxxxxxxx> Date    
  : 6/23/2003 3:09 AM   _____ 
    
  Forwarded by: Doug 
  (no comments entered) <FONT face=Arial 
  size=2>  _____   
  Hi, <FONT face=Arial 
  size=2>  My Customer Number is: 
  70395.   <FONT face=Arial 
  size=2>I am running MetaStock 8.01 EOD. I would like to write a rule that will 
  trigger an exit in the Enhanced System Tester if the Close falls below say 3 * 
   ATR(7) from the High since entry of the trade. I can't see a Simulation 
  function that will give me the Position High Price. Is it possible for you to 
  help me with this, I am hoping to use it in a TA Society presentation later 
  this week and to provide the hard code rather than just the concept of a 
  "Chandelier Exit" would add credibility.
  TIA. 
    <FONT face=Arial 
  size=2>Regards,   <FONT 
  face=Arial size=2>Gordon Sutherland New 
  Zealand 
   
   
  <FONT face="Kunstler Script" color=#008000 
  size=5>Regards,
  <FONT face="Kunstler Script" color=#008000 
  size=5> 
  Gordon 
  Sutherland
  
    
    <FONT 
    face=Tahoma size=2>-----Original Message-----From: metastockuser 
    [mailto:metastockuser@xxxxxxxxx] Sent: Monday, 4 August 2003 5:29 
    p.m.To: equismetastock@xxxxxxxxxxxxxxxSubject: 
    [EquisMetaStock Group] Metastock Fixed Trailing Stop Loss to go along with 
    Trade Sim?Does anyone here know how to set up a 
    fixed trailing stop loss in ametastock exploration (8.0 End of Day) that 
    will work with trade Sim?I've found a formula on the net but not 
    being a programmer don'treally understand it or how to work it into a 
    set up so that it workswith Trade SimIf(cum(1)=1,{then} 
    Close,{else} If((C*1.1) <= PREV,{then}(C*1.1),{else} PREV)); 
    I'm using two triggers.  But I've got no idea of how a fixed 
    trailingstop loss would be set up.  Perhaps as a trailing band 
    (similar to thevolatility and standard diviation stops) so the 
    "volatility" for theband could be the fixed trailing stop loss 
    forumula?  I would imagine the set up might work as below but 
    if anyone knows forsure, has done a fixed trailing stop, I'd love to 
    know how you did it.Trigger1:= (trade system exit 
    conditions);Volatility:= (trailing stop loss 
    formula?);BandLong:=ExtFml("TradeSim.TrailingStop",Trigger,Long,Volatility,CLOSE,ExitTrigger:= 
    Trigger1 or Trigger2To unsubscribe from 
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