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I recently wrote a review of a program called ICE. In the program
there's an indicator called IntelliStop. It's a drag and drop
indicator. It sets a trailing stop that exactly corresponds to the
price plot. When you are in a trade, you drop it on the chart. When
you close the trade, you click and delete on the stop line under the
price plot and it's gone. It plots right in the price window, so you
don't need to fool with new windows, etc.
It works with or without ICE, but it's passworded so I don't know the
code. When you optimize an indicator in ICE, it not only gives you
the optimum thresholds, it gives you an optimum trailing stop level
so you know how long to let a trade run before stopping out of it.
Intellistop doesn't let you pick the percentage, rather it has three
set percentages that are Level 1, 2 and 3 stops. You pick which one
matches your risk profile. It's the best trailing stop code I've seen
and I like the fact that it's right on the chart. It's easy to put on
and take off without any hassle.
You can contact www.adaptick.com and see if they would sell you
Intellistop without ICE. But ICE only costs $99 and is well worth the
price for all the other stuff it does.
It sounds like what you're looking for.
JO
--- In equismetastock@xxxxxxxxxxxxxxx, "Mike Sloane" <mfsloane@xxxx>
wrote:
> Roy,
>
> I was inspired by your words of praise, so I decided to try saving
the
> chart and also saving it as a template.
>
> Unfortunately MetaStock appears to favour the base security and both
> chart and template (when applied) revert to the original version
where
> "masking indicator" is overlaid on top of the base security plot.
>
> Can always CUT and PASTE each time - or maybe it's time to go back
to
> bar charts!!
>
> Regards,
> Mike
>
>
>
> -----Original Message-----
> From: Roy Larsen [mailto:rlarsen@x...]
> Sent: Monday, 27 October 2003 8:04 AM
> To: equismetastock@xxxxxxxxxxxxxxx
> Subject: Re: [EquisMetaStock Group] Re: anyone know how to plot a
> trailing stop only while in a trade?
>
>
>
> Mike
>
> The ability to turn a plot on and off would be nice but there is no
> practical way to do it at the moment. It's easily possible to
truncate
> a
> plot at either end of any given signal even though there are code
> overheads
> in doing so. Moving one step further requires another whole set of
> solutions
> that I feel is really beyond the scope of MS formula language.
However I
> prefer to think of situations like merely as obstacles to which the
> solutions haven't been found yet rather than that no solutions are
> possible.
>
> I'm impressed with your method of getting your trail UNDER the
candles.
> A
> nice piece of lateral thinking.
>
> I've had some success with covering up transitions and blanking
initial
> zero
> plots (turning from zero to N/A) so let me know if there's any way I
> might
> be able to advance the cause a little further.
>
> Roy
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