|
PureBytes Links
Trading Reference Links
|
Thanks for that, Jose Silva's coding is always great and instructive.
cheers
metarockx
--- In Metastockusers@xxxxxxxxxxxxxxx, "tobtrade2001"
<tobtrade2001@xxxx> wrote:
> Pegasus has a very good code for trailing stops. Go here:
> http://users.bigpond.com/prominex/MetaStock/TrailStop.txt
>
> --- In Metastockusers@xxxxxxxxxxxxxxx, "metarockx" <k_rock@xxxx>
> wrote:
> > hi everybody
> >
> > I have designed a close trailing stop for short term systems.
> > The logic is to start with an ATR multiple subtracted from the
low
> > on the first day of the trade and on the following days to rise
> the
> > stop by the difference of the respective lows, yet in such a way
> > that the stop for the long position can never be lower than the
> > previous stop value.
> >
> > (entry is only a simple example)
> >
> > atrs := 4;
> > atrmult:= 0.25;
> >
> > longentry:= Cross(C,MOV(C,30,S));
> >
> > stopl:=If(BarsSince(longentry)=0,L-ATR(atrs)*atrmult,If(L>Ref(L,-
> > 1),PREV+(L-Ref(L,-1)),PREV));
> >
> > stopl;
> >
> > I'd like to plot this as an indicator in the chart window. My
> > problem is that during the "flat" periods the stop grows higher
> and
> > higher and so it distorts the chart view.
> >
> > Anybody got an idea how to avoid that?
> >
> > Thanks so much
> >
> > metarockx
------------------------ Yahoo! Groups Sponsor ---------------------~-->
Buy Ink Cartridges or Refill Kits for your HP, Epson, Canon or Lexmark
Printer at MyInks.com. Free s/h on orders $50 or more to the US & Canada.
http://www.c1tracking.com/l.asp?cid=5511
http://us.click.yahoo.com/mOAaAA/3exGAA/qnsNAA/zMEolB/TM
---------------------------------------------------------------------~->
To unsubscribe from this group, send an email to:
Metastockusers-unsubscribe@xxxxxxxxxxx
Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
|