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In a message dated 98-09-23 14:41:46 EDT, you write:
<< Here is a good exit to test against random entries. If you are long, sell
on
a stop only when the price declines three average true ranges from the
highest
high since you entered the trade. Do just the opposite if the random entry
puts you short.
>>
Chuck,
I agree with your general concept; however................
Why "three average true ranges" ? Why not 1,2,4,5,etc.? Is 3 an optimized
number? If so, doesn't that involve all the problems with optimization?
Russ
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