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Re: Coding % stop loss in easy language


  • To: Phil Kobierowski <phil@xxxxxxxxxxxxxx>
  • Subject: Re: Coding % stop loss in easy language
  • From: "Samuel K. Tennis" <skt@xxxxxxxx>
  • Date: Tue, 8 Sep 1998 14:45:43 -0400 (EDT)
  • In-reply-to: <2.2.32.19980908182643.00e8eb9c@xxxxxxxxxxxxxxxxxxxxxxx>

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Smart Alec.  Teach me not to test it first!

if  MarketPosition  = +01  then
  ExitLong  ("lx.%StpLos") at EntryPrice * (1.00 - 0.03) stop ;

thanks!

At 02:26 PM 09/08/98 -0400, you wrote:
>Sam,
>Am I reading it wrong or would that get you out at $3 if you bought at $100?
>
>At 11:29 PM 9/4/98 -0400, you wrote:
>>
>>if  MarketPosition  = +01  then  ExitLong  ("lx.%StpLos") at EntryPrice *
>>0.03 stop ;
>>
>>At 11:01 PM 09/04/98 -0300, you wrote:
>>>Hi Netters,
>>>Does anyone know how to code in easy language a % stop loss. 
>>>That is: stop when the loss is, say, 3% of the entry price.
>>>
>>>I tried to use entryprice but I get erratic results.
>>>
>>>Thank you,  Alfredo
>>>
>-----------------------------
>Phil Kobierowski
>Georgia Tech EDI
>404-894-2552
>phil@xxxxxxxxxxxxxx
>

    Samuel K. Tennis,  VISTA Research and Trading, Inc.
    8103 Camino Real C-409       voice: 1(305) 273-1321
    S. Miami, FL  33143            fax: 1(305) 273-9164
    skt@xxxxxxxx               http://www.gate.net/~skt