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Tried out the volatility-based position sizing code. But calculating
the stop price as you say below seems more atune to day trading...
For longer term trades, the support/resistance levels give the stops,
then the stops and max risk amount give the position size, no? How do
I reconcile these two different approaches?
...and it's a 70 page article...
--- In equismetastock@xxxxxxxxxxxxxxx, superfragalist <no_reply@xxxx>
wrote:
> s
> 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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