|
PureBytes Links
Trading Reference Links
|
Sharad,
I am actually quite fascinated more people do not have trouble with
this issue, I have been through quite a few past discussion threads
and doesn't seem to come much. While MS does have a preset option for
trailing a stop as a percent of profit, it does not have an option to
set trailstop as % of price (or, volatility, which is roughly the
same idea except takes account of vol.). If my trade is barely in the
money, I do not care if I lose 10% of my profit, and the price move
would be so small it would be ridiculous. If I have made a huge gain
on my trade, that is when I want the stop to be 10% of profit. Thus
the only way for people to have a trailstop as % of price is to
design oneself, which as you just mentioned, seems just about
impossible.
While it is easy if you only have one entry condition that doesn't
repeat, if you have one that repeats, or if you have a RE-entry
signal that is more sensitive (which is a necessity is it not?) then
you are out of luck.
Question to anyone else - what kind of stops do you use if they are
not trailing by % of price/volatility based?
--- In equismetastock@xxxxxxxxxxxxxxx, "Sharad Lohia"
<sharadlohia@xxxx> wrote:
> Hi - Shootingstar
> that is exactly the problem. thus the system tester is not giving
accurate results. I have given up at present and reverted back to
excel programming for this system. But this is a major problem with
metastock then. Most systems would like a Trailing Stop and thus
optimising and testing on meta is useless. Firstly - repeating all
the entry conditions in the exit long section - slows down the
testing dramatically and to top that - a repeat Buy signal resets the
Trailing Stop. There must be a simpler way out - surely. Metastock is
so good in all other respects.
>
> Hi Richard
> Saw the link - but it asks for inputs to determine the trailing
stop. That is not possible for system testing nor for multiple
stocks - since then manually entering the data everyday wud be
cumbersome.
>
> Is there not anyone else who has cracked this issue ? Roy - surely
you must have ?
>
> Regards
> Sharad Lohia
>
>
> ----- Original Message -----
> From: Richard Dale
> To: equismetastock@xxxxxxxxxxxxxxx
> Sent: Tuesday, May 24, 2005 5:14 AM
> Subject: RE: [EquisMetaStock Group] TRAILING STOP LOSS
>
>
> This is why I wrote an external DLL to do the trailing stop
referenced to the entry day.
>
> See:
> http://www.tradernexus.com/
>
> Even better, it's free.
>
> Best regards,
> Richard Dale.
> Norgate Investor Services
> - Premium quality Stock, Futures and Foreign Exchange Data for
> markets in Australia, Asia, Canada, Europe, UK & USA -
> www.premiumdata.net
>
>
>
>
>
> --------------------------------------------------------------------
----------
> From: shootingstar_720 [mailto:booki100@x...]
> Sent: Monday, 23 May 2005 13:35
> To: equismetastock@xxxxxxxxxxxxxxx
> Subject: Re: [EquisMetaStock Group] TRAILING STOP LOSS
>
>
> Hello Sharad, was just doing a little (actually, a lot!) of
research
> on this very problem and came across this thread. If I understand
> correctly - you are looking for a way to designate / tell the
system
> tester on which day a position was opened - such that any
trailing
> stop can be programmed to operate from this day? My particular
issue
> is that if you have several varying entry signals, yet you want
to
> tell the system tester to trail a stop from the day of entry, it
is
> impossible for it to discern from which day it should begin
> calculating (since, if one of the entry signals occurred 2 days
ago,
> but the system was already long, then the trigger for the
> calculation of the trailing stop would have occurred 2 days ago -
> not the result intended.) Curious if you have found any
solution /
> work around to this issue? Haven't given up hope yet..
>
>
>
> --------------------------------------------------------------------
----------
> Yahoo! Groups Links
>
> a.. To visit your group on the web, go to:
> http://groups.yahoo.com/group/equismetastock/
>
> b.. To unsubscribe from this group, send an email to:
> equismetastock-unsubscribe@xxxxxxxxxxxxxxx
>
> c.. Your use of Yahoo! Groups is subject to the Yahoo! Terms of
Service.
------------------------ Yahoo! Groups Sponsor --------------------~-->
Has someone you know been affected by illness or disease?
Network for Good is THE place to support health awareness efforts!
http://us.click.yahoo.com/Rcy2bD/UOnJAA/cosFAA/BefplB/TM
--------------------------------------------------------------------~->
Yahoo! Groups Links
<*> To visit your group on the web, go to:
http://groups.yahoo.com/group/equismetastock/
<*> To unsubscribe from this group, send an email to:
equismetastock-unsubscribe@xxxxxxxxxxxxxxx
<*> Your use of Yahoo! Groups is subject to:
http://docs.yahoo.com/info/terms/
|