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Have not done much testing. Just put it on a couple of charts & saw trades got taken out too early too often. You need to test it out on more charts to see if it is good enough for you.
Anthony chia
metarockx <k_rock@xxxxxxxx> wrote:
Thanks, Anthony, your idea works!by the way, what do you find wrong with this idea? Too tight a stop?--- In Metastockusers@xxxxxxxxxxxxxxx, anthony chia <anthonychiasl@xxxx> wrote:> To solve view distortion, try this: > > atrs := 4;> atrmult:= 0.25;> longentry:= Cross(C,Mov(C,40,E));> stopl:=If(BarsSince(longentry)=0,L-ATR(atrs)*atrmult,If(L>Ref(L,-> 1),PREV+(L-Ref(L,-1)),If(PREV>(1.1*H),(1.1*H),PREV)));> stopl;> > Anthony Chia> > PS: Not sure if this trailing stop is good.> > 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 SponsorADVERTISEMENT> > To unsubscribe from this group, send an email to:>
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