[EquisMetaStock Group] PREV-based MAE Stop: What am I missing?

[Adan Willemse <adan.willemse@xxxxxxxxxx>]

Hi,

 

I hope you can help me...

 

I have been playing around with a Prev-based MAE Stop but cannot seem to get it right!

 

I am using one of Metastock 9 EOD's built in Entries to enter and then want to exit if the Low retraces 5% or more from my entry point or if I get a signal in the opposite direction (Short Sell).

All trades are executed the following morning at Open, after the signal hes been received.

 

 

The code:

LBuy:=ForecastOsc(C,14)<0 AND Cross(ForecastOsc(C,14),Mov(ForecastOsc(C,14),3,S));

SSell:=ForecastOsc(C,14)>0 AND Cross(Mov(ForecastOsc(C,14),3,S),ForecastOsc(C,14));

 

LongStop:=
If(PREV=0,
 If(Ref(Lbuy,-1),(0.95*O),0),
  If(L<=0.95*PREV OR Ref(SSell,-1),0,PREV));
{Exit When}
LongStop;

 

 

Please refer to attached screenshot to understand my questions:

 

1. Blue Circle 1: Why does the Stop execute on the 17th (I would expect it to execute on the 18th)?

2. Blue Circle 2 and 3: Why is the Stop Level penetrated on the 7th, 8th and 14th through 16th without triggering the Stop?

3. Blue Circle 3: Repeat of problem 1.

 

I have been staring at this for an hour and cannot seem to find the flaw!

 

Please help.

 

Regards,

 

Adan Willemse

 

PS: I have checked that the scaling is correct.

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