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Andrew -- got it! thanks.
I trade EOD and adjust my stops each night. Do realtime traders adjust
their stops every few minutes?
--- In equismetastock@xxxxxxxxxxxxxxx, "Andrew Tomlinson"
<andrew_tomlinson@xxxx> wrote:
>
> I think the same logic applies. It's still a smoothness vs. sensitivity
> judgment call.
>
> If I remember rightly MS uses Wilder's smoothing for the ATR
calculation so
> the 21 day ATR, for example, is already a type of EMA. I guess you can
> overlay another MA to get it smoother if you want.
>
> Not sure I'm being helpful here...
>
> Andrew
>
> -----Original Message-----
> From: equismetastock@xxxxxxxxxxxxxxx
[mailto:equismetastock@xxxxxxxxxxxxxxx]
> On Behalf Of metastkuser
> Sent: Wednesday, June 01, 2005 8:01 PM
> To: equismetastock@xxxxxxxxxxxxxxx
> Subject: Re: [EquisMetaStock Group] Chandelier (or any volatility-based)
> exit
>
>
> Andrew -- thanks, but I was asking about using the ATR's EMA versus the
> actual ATR number. (I understand the ATR lookback period's
implications as
> you have explained).
>
>
> --- In equismetastock@xxxxxxxxxxxxxxx, "Andrew Tomlinson"
> <andrew_tomlinson@xxxx> wrote:
> >
> > Look at what happens after a big move and decide what you want. A
> shorter
> > ATR period will mean that stops after a big move will widen out
> massively
> > for a short while and then revert. A longer ATR period will show a
> smaller
> > impact that will go on for longer. What works best depends on the
> rest of
> > the system.
> >
> > Andrew
> >
> > -----Original Message-----
> > From: equismetastock@xxxxxxxxxxxxxxx
> [mailto:equismetastock@xxxxxxxxxxxxxxx]
> > On Behalf Of metastkuser
> > Sent: Tuesday, May 31, 2005 11:06 PM
> > To: equismetastock@xxxxxxxxxxxxxxx
> > Subject: [EquisMetaStock Group] Chandelier (or any volatility-based)
> exit
> >
> >
> > I'm doing some testing of LeBeau's Chandelier exit and would like
some
> > opinions/guidance on the pros/cons of using the ATR itself versus
> the EMA of
> > the ATR. (I'm looking at short term ATRs - either 10 or 15 bars).
> >
>
>
> > Thanks!
> >
> >
> >
> >
> >
> >
> >
> >
> > Yahoo! Groups Links
>
>
>
>
>
>
>
>
> Yahoo! Groups Links
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