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Theoretically, yes, given enough time and patience, your profit stop would
almost always return a 10% profit. Unfortunately unless you have very
deep pockets the interim drawdown would most likely wipe out your trading
capital.
For example, apply this profit-taking strategy to any NASDAQ stock back on
March 10th 2000, and see where you'd be today. Using a stoploss would
only slow down the capital bleeding.
jose '-)
http://www.metastocktools.com
--- In equismetastock@xxxxxxxxxxxxxxx, "freeway986" <koreyjunkmail@xxx>
wrote:
>
> I would like to construct a system that would enter a certain
> position, and if it gained, say, $10, it would close the position when
> the price fell back a certain percentage, say, 10%, so at a $9
> profit. So you would always (theoretically) capture 90% of the
> movement. Is this possible? Can anyone point me to where it might
> have been done before? I think you might be able to do this with the
> stops in the system builder, but I'm not sure how.
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