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Hi Roy,
I've been trying to understand your latch-based stop. I feel as if
I'm disappearing up my own asymptote, but I'd prefer to work things
out for myself if I can.
If you could assert some binary responses (Y,N) to the following, I
can use your answers to figure out what's happening.
(This is your formula:
{PREV Latch Exercise}
Set:=Cross(Mov(C,15,E), Mov(C,25,E));
Reset:=Cross(Mov(C,25,E), Mov(C,15,E));
Trade:=If(PREV<=0,If(Set,1,0),
If( Reset {independent exit} OR
C>=ValueWhen(1,PREV=0,C)*1.2 {20% profit exit} OR
C<=ValueWhen(1,PREV=0,C)*0.9 {10% loss exit} ,-1,1));
Abs(Trade)*ValueWhen(1,Ref(Trade=0,-1),C); {trade active/entry price}
)
Q: When is Trade = -1? {a sell}
A: Only when Trade(-1) = 1 AND (Reset = 1 OR C>20% profit OR C<10%
stop)
In Queen's English: a sell can only follow a buy, and only if the
EMA signal crossed down, or 20% profit, or 10% loss.
Q: When is Trade = 1? {a buy}
A: If (a) Trade(-1) = 0 or -1 AND Set = 1
In English: When the previous trade was a sell, or neutral (neutral
itself can only occur after a sell or another neutral) and EMA
crossed up.
Q: What is ValueWhen doing?
A: We want the closing price of the bar for which the immediately
previous bar was the last occurrence of Trade=0 {did you get that?}
Regards,
Alan
--- In equismetastock@xxxxxxxxxxxxxxx, "Roy Larsen" <rlarsen@xxxx>
wrote:
> Alan
>
> > At my delicate stage of development, it seems to me that "LOW"
> > and "Ref(LOW,-1)" would be recalculated daily, which is not what I
> > want. For example, if the low were 20 on the day that the buy
> > conditions were satisfied, I would want it to stay at 20 (at least
> > until I start it trailing). Am I correct in saying that it would
be
> > recalculated daily?
>
> I think this has been mentioned in a subsequent post already but
you can use the ValueWhen()
> function to hold a value from one event to the next. Unfortunately
this is not a total solution
> because an unwanted second or third event will change the returned
value prematurely. This is where
> the use of a PREV function may be required. It allows the storing
of a value from an entry signal
> until either an external exit signal OR an entry related condition
occurs.
>
> How you code this will depend on exactly what it is you are wanting
to do.
>
> I think that the Simulation dll functions may also be able to be
used for what you want to do. I
> haven't studied it yet so I'm not sure what it's potential uses
are. Check it out.
>
> Here's an example of how you can use a PREV based latch to remember
an entry value. It doesn't have
> to be the entry price, it could just as easily be a relevant ATR or
RSI value. Notice that the value
> is not stored in the latch itself ('Trade' variable) but
is "reconstituted" using ValueWhen(). It
> takes at least one additional PREV to store the value inside
the 'Trade' variable, and that's why I
> prefer to have the latch function only using 1, 0 and -1. Minus 1
is not necessary either as far as
> that goes but it's useful though not critical.
>
> The 'Trade' variable can be reset either by using the
external 'Reset' or internally by referencing
> some current value to some value at the time of the first 'Set'
signal. There are a zillion
> variations you can do with this.
>
> {PREV Latch Exercise}
> Set:=Cross(Mov(C,15,E), Mov(C,25,E));
> Reset:=Cross(Mov(C,25,E), Mov(C,15,E));
> Trade:=If(PREV<=0,If(Set,1,0),
> If( Reset {independent exit} OR
> C>=ValueWhen(1,PREV=0,C)*1.2 {20% profit exit} OR
> C<=ValueWhen(1,PREV=0,C)*0.9 {10% loss exit} ,-1,1));
> Abs(Trade)*ValueWhen(1,Ref(Trade=0,-1),C); {trade active/entry
price}
>
>
>
>
> Roy
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