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Cash,
I'm afraid you'll have to get used to getting in to the Library and checking
the definition. The setDollarStop is a dollar amount for the entire
position.
Jim Bronke
Phoenix, AZ
----- Original Message -----
From: <cash@xxxxxxxxxxx>
To: <omega-list@xxxxxxxxxx>
Sent: Monday, August 20, 2001 9:45 AM
Subject: Re: SetTrailingStop question
: This is my scenario:
: 1-minute bars, historical property of tick analysis
:
: I have the following code:
: Buy next bar at market;
: SetDollarTrailing(.25);
:
: The next bar is this: Time=931, O=66.03, L=66.01, H=66.17, C=66.17
: The following bar is this: Time=932, O=66.18, L =66.0, H=66.38, C=66.25
:
: When I run the code, I get this in my trade log:
: 09:31 Buy 66.03
: 09:32 LExit 66.25
:
: My question is why is the LExit at 66.25? I have a trailing stop, I have
tick level resolution with tick data. According to my calculations, with a
trailing stop of .25, and a high of 66.38, I should get a LExit of 66.13.
:
: Thx,
:
: Cash
:
:
: From: "Jim Bronke" <jvbronke@xxxxxxxx>
: To: <cash@xxxxxxxxxxx>, <omega-list@xxxxxxxxxx>
: Subject: Re: SetTrailingStop question
: Date sent: Sun, 19 Aug 2001 22:52:41 -0700
:
: > Although I haven't used this command I expect that youcould only have
one
: > trailing stop. answer .50
: >
: > Jim Bronke
: > Phoenix, AZ
: >
: >
: >
: > ----- Original Message -----
: > From: <cash@xxxxxxxxxxx>
: > To: <omega-list@xxxxxxxxxx>
: > Sent: Sunday, August 19, 2001 9:33 PM
: > Subject: SetTrailingStop question
: >
: >
: > : I'm using an intraday 1-minute chart.
: > :
: > : If I use the command:
: > : SetTrailingStop(.25);
: > : I understand this will set a trailing stop at 25 cents.
: > :
: > : If 200 bars later (on the same day), I use the command:
: > : SetTrailingStop(.50);
: > : Will this change the trailing stop to 50 cents or will I now have 2
: > : trailing stops, one at 25 cents and one at 50 cents.
: > : If I have two stops now, how can I do this and only have one trailing
: > : stop?
: > :
: > : Thanks,
: > :
: > : Cash
: > :
: > :
: > : "It's a dog eat dog world out there and I'm wearing milkbone
underwear"
: > :
: > :
: >
:
:
:
: "Buy Low, Sell High"
: (If this statment is used for financial gain, I am entitled to 10% of all
profits. ;) )
:
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