Re: [EquisMetaStock Group] Stop loss

["LBP WorldWide \(M\) Sdn Bhd" <deslooi@xxxxxxxxx>]

Roy,
 
I have a similar question to ask, I want a buy signal trigger by today if 
yesterday close is higher than the day before yesterday 
i.e. close>ref(close,-1)
 
but I want today enter is based on yesterday close add 1% and if today 
range is falls within the price then only the enter will trigger
i.e. today price range > ref(close,-1)*1.01
 
This is what I do :
In Buy Order tab, formula : "close>ref(close,-1)"    
{without the quote}
In Order Type tab, Limit of Stop Price : 
"valuewhen(1,ref(close,-1)*1.01,close)"    {without the 
quote}
 
System Testing Option : Trade Execution tab : I checked the Realistic 
Market Price
 
but when I plot the result on chart, I can't figure out whether my 
testing is true based on the concept I had mentioned or not.
 
Example:
Date : 19/04/04 
Open : 2255
High : 2325
Low : 2235
Close : 2310
 

Date : 20/04/04 
Open : 2300
High : 2415
Low : 2285
Close : 2400
 

Date : 21/04/04 
Open : 2405
High : ?
Low : ?
Close : ?
 
So, if the price rally upto 2400*1.01 = 2424 then I need the system enter 
price to be 2424.
 
Can you assist me ? 
 
Thanks In Advance
Desmond
 
 
----- Original Message ----- 
<BLOCKQUOTE 
>
  <DIV 
  >From: 
  Roy 
  Larsen 
  To: <A 
  title=equismetastock@xxxxxxxxxxxxxxx 
  href="">equismetastock@xxxxxxxxxxxxxxx 
  
  Sent: Wednesday, April 21, 2004 
  15:14
  Subject: Re: [EquisMetaStock Group] Stop 
  loss
  AlanLastValue() is not the function to use. It 
  loads the complete data array with the value of the lastLOW on a chart. I 
  can't suggest more than to try LOW, or Ref(LOW,-1), or ValueWhen(1,"entry 
  signal",LOW) etc., etc.Roy----- Original Message ----- 
  From: "Alan Davidson" <<A 
  href="">alan_davidson22@xxxxxxxxxxx>To: 
  <<A 
  href="">equismetastock@xxxxxxxxxxxxxxx>Sent: 
  Wednesday, April 21, 2004 5:56 PMSubject: [EquisMetaStock Group] Stop 
  loss> In the "Buy Order" tab of System Editor, I've entered the 
  indicators.>> I've set a "Strategic Delay" of 1 
  day.>> In the "Sell Order" tab, I don't want any indicators - 
  simply a> stop.  I want to set the stop for the Low of the day on 
  which the Buy> Order conditions were met.  So, for the stop, I 
  entered:>> LastValue(L);>> This stop is never 
  activated, even although I can see that the price> pierces the 
  stop.  As a result, I buy once for each security, and> never 
  sell.>> Please advise.>> Regards,> 
  Alan>>>>>> Yahoo! Groups 
  Links>>>>>>>







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