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This is one of these things....
A trailing stop (for instance on daily charts) is "calculated" from the
high, however unfortunately in "real" life the high is not known in advance.
I had such a "perfect" system but intraday that "traling distance from the
high" would have been hit way before the actual high of the day set in (due
to intraday swings).
Tough luck I guess.
Robert
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Robert Linders
Orlando, FL
email: mugsnug@xxxxxxxxx
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----- Original Message -----
From: "Ian Waugh" <ianwaugh@xxxxxxxxxxxxxxxxxxx>
To: <omega-list@xxxxxxxxxx>
Cc: <ianwaugh@xxxxxxxxxxxxxxxxxxx>
Sent: Thursday, January 10, 2002 7:11 PM
Subject: Percent Risk Trailing Stop
> Can someone tell me what's wrong with this Omega trailing Stop? It
produces
> unfeasably good results!
>
> Cheers,
> Ian
>
> {*******************************************************************
> Description : Percent Risk Trailing Stop (Built In % Risk Trailing
Stop)
> - from TS 4.0
> Provided By : Omega Research, Inc. (c) Copyright 1999
> ********************************************************************}
>
> Inputs: PositionBasis(True), FloorAmnt(0), Amount(0);
>
> If PositionBasis Then
> SetStopPosition
> Else
> SetStopContract;
>
> SetPercentTrailing(FloorAmnt, Amount);
>
>
>
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