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Read the reference to the money management article I posted. Apply
the money management code to any chart as an indicator. Read the
number of shares off of it when you are ready to make an entry and it
calculates the number of shares you should purchase based on your
risk profile and the ATR of the stock.
Once you have the number of shares to buy, determine how much
downside risk you're willing to take on the trade. Divide the shares
into the total amount you're willing to lose and that's your stop
price.
--- In equismetastock@xxxxxxxxxxxxxxx, "Martin Blain" <martin@xxxx>
wrote:
> S
> Thank you once again for some great code.
> My token of appreciation. Not sure how to play it but will have a
go.
>
> ((Security("X.NASD-A",MACD()))>1)
>
> I lay this an indictor over the x.nasd-a or US stocks (not CDN
stocks as out holidays are different)
> Take new long positions when up.
> I play this in combination to your SPY code
>
> Martin Blain
> Burlington Ontario
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