Re: Setting stops in TS2K?

[cash@xxxxxxxxxxx]

Thanks for the input folks,

I'm looking at strategy builder closer. But, with strategy builder, I'm 
not sure how to set a variable trailing stop.

First of all, keep in mind that this will be on 1 minute charts for 
data1.  I will probably have data2 set at daily to get some info from 
there. And this is always stocks.
For example, I want to set my trailing stop based on a few things:
Once I'm in a position, I want to initially set my trailing stop = (10% 
of the 20 day average true range) + .25.
Then, for every .25 profit, I want to increment my trailing stop by 
.05.
So what I have is an initial stop and then as the position builds 
profit, I want to give it more room to breathe.
Then I want to check on the last bar of the day if I'm still in the 
position, I won't use the stop, I'll just exit at the close.

The thing I can't figure out is that if I use the signals in the strategy 
builder, how do I keep adjusting the stop based on my current 
position's profit?  The only way I can see doing this is by 
incorporating it in my main signal.  Either that, or I don't have a 
good grasp on the strategy builder.

OK, now just a stream of conciousnous thought.
I build a signal called EnterPosition which eventually gets me in a 
position
I also build a signal called set trailing stop.  This signal looks at my 
current position, the 20 day ATR, the entry price of my current 
position, and the profit of my current position.  It then enters a stop 
for the appropriate amount.

Cash

From:           	"David Jennings" <DavidJennings@xxxxxxxxxxxxx>
To:             	<cash@xxxxxxxxxxx>
Subject:        	Re: Setting stops in TS2K?
Date sent:      	Sat, 11 Aug 2001 21:16:21 +0100

> Try strategy builder -( under GO). Really a bug step forward from TS4.
> ----- Original Message -----
> From: "Jim Bronke" <jvbronke@xxxxxxxx>
> To: <cash@xxxxxxxxxxx>; <omega-list@xxxxxxxxxx>
> Sent: Saturday, August 11, 2001 9:01 PM
> Subject: Re: Setting stops in TS2K?
> 
> 
> > Just create a strategy with a number of different exit stops. They are
> > called signals.
> >
> > Jim Bronke
> > Phoenix, AZ
> >
> >
> >
> > ----- Original Message -----
> > From: <cash@xxxxxxxxxxx>
> > To: <omega-list@xxxxxxxxxx>
> > Sent: Saturday, August 11, 2001 3:57 PM
> > Subject: Setting stops in TS2K?
> >
> >
> > : In TS4, you were able to set a stop through a dialog for your
> > : system.  I don't see this in TS2K.  Where do I set the stops now?
> > :
> > : Cash
> > :
> > :
> > : "Buy Low, Sell High"
> > : (If this statment is used for financial gain, I am entitled to 10% of
> all
> > profits. ;) )
> > :
> > :
> >
> >
> >
> 



"Buy Low, Sell High"
(If this statment is used for financial gain, I am entitled to 10% of all profits. ;) )