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you need to be specific!. all I know the method is I would keen to take
a trade if the share price increment has gone up as much as x % based
on a particular price from yesterday.
after you managed to define the above then perhaps you might think of
an exit scenario i.e. the one that you define. But as far as your
matter concerns, the exit method that you just explain is the
volatility based exit approach. an approach for short term trading that
aims to catch a small windfall profit for a small period. you wont get
a big fish from this but overall is a consistent method and for a
longer term that is the same as having 90% profit
Regrads
Thomas Ng
-- 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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