Re: Timed exit

["Bill Wynne" <tradewynne@xxxxxxxxxxx>]

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>From: Lawrence Price <lprice1023@xxxxxxxxxxxxx>
>To: Omegalist <omega-list@xxxxxxxxxx>
>Subject: Timed exit
>Date: Fri, 18 Aug 2000 09:59:01 -0400
>
>I seem to remember someone posting the code for an exit that that closes a 
>trade if it is un-profitable after an adjustable time.  I am trading a 
>system with a particular stock that while it has done very well,  I have 
>noticed that almost every losing trade starts losing a small amount very 
>quickly and then never comes back.  I would like to backtest this idea on 
>this stock.  <

Larry:

I don't remember the post but to exit long < your entry:

If barssinceentry > X and C{H,L, whatever} < entryprice
then exitlong at {whatever};

Bill Wynne

Bill@xxxxxxxxxxxxxxx


>If anyone remembers the post would you please send it to
>me?
>Thank you very much,
>Lawrence Price




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