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OK, so this gives the all time high. Well, then let us work with
that. Suppose you want to use a level say 10% below this, then simply
use something like
StopLevel := 0.9 * X;
to get it. Also, if you don't want the all time high, just the
highest high since entry, then simply reset it on entry. Suppose you
have a variable, EnterLong, that becomes positive when you enter, then
simply do something like
X := Max( PREV, Y ) * ( EnterLong > 0 ) + Y * ( EnterLong <= 0 );
and the level will be equal to Y (probably the close) as long as you
are out.
Regards
MG Ferreira
TsaTsa EOD Programmer and trading model builder
http://www.ferra4models.com
http://fun.ferra4models.com
--- In equismetastock@xxxxxxxxxxxxxxx, "Sharad Lohia"
<sharadlohia@xxxx> wrote:
> Thanks for the suggestion but
> X := Max( Ref(X,-1), Y )
> does not provide the solution
>
> and
> X := Max( PREV, Y )
> gives the all the time high so far as the trailing stop loss level
for calculation.
> Thus each trade gets stopped out on the next bar.
> It does not reset for every long or short position.
>
>
> Also - i want to program this condition - can someone help pls
> >
> > if current position is long then....... if current position is
> square then .... if current position is short then ...
> >
> > what is the function for checking the current position ?
>
> Any clues ?
>
> Regards
>
>
> ----- Original Message -----
> From: MG Ferreira
> To: equismetastock@xxxxxxxxxxxxxxx
> Sent: Tuesday, May 03, 2005 3:32 PM
> Subject: Re: [EquisMetaStock Group] TRAILING STOP LOSS
>
>
> Hi Sharad,
>
> How about using the Max function, something like
>
> X := Max( Ref(X,-1), Y )
>
> will let X either take on Y if it is higher than the current X or stay
> at the current X. You can also do the same using
>
> X := Max( PREV, Y )
>
> but this, I am told, is not good MS practise...
>
> Regards
> MG Ferreira
> TsaTsa EOD Programmer and trading model builder
> http://www.ferra4models.com
> http://fun.ferra4models.com
>
>
> --- In equismetastock@xxxxxxxxxxxxxxx, "Sharad Lohia"
> <sharadlohia@xxxx> wrote:
> > Dear all,
> >
> > Is there a Bug with "Trailing Stop Loss" in metastock. It does not
> seem to be working properly at all.
> >
> > It should be programmable in Close Long / Short condition.
> >
> > Hi:=ValueWhen(1,H>Ref(H,-1),H);
> > this catches the last swing top - which need not be the highest high
> in that particular long position.
> >
> > Hi:=ValueWhen(1,H>Ref(Hi,-1),H);
> > this also does not work.
> >
> > How can i update a variable value only when a fresh value of higher
> value is compared with its current value?
> >
> > somethimes i feel excel is so much easier :-)
> >
> >
> > Also - i want to program this condition - can someone help pls
> >
> > if current position is long then....... if current position is
> square then .... if current position is short then ...
> >
> > what is the function for checking the current position ?
> >
> > Thnx in advance
> >
> > Regards
>
>
>
>
>
>
>
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