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Good
morning FX,
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Just
to clarify your ideas...
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An 8%
stop is what I would call an investment stop..very wide. Have you done any
research on whether it can be narrowed or if you can improve the timing
aspect?
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The
trailing stops is basically running 8% behind the highest price? As your
entering on a retacement does that mean you might be risking
less?
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The
20%...is that calculated as Entry Price * 1.2?
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Is the
95% calculated from the highest price or are you saying you only allow PROFITS
to drop by 5%?
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What
your explaining is a very close version of the parabolic stop....wide
initially but closes in rapidly as price rises away from entry.
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I
don't understand your last line "take profits on strong weakness"? What
does this mean please?
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<FONT face=Arial color=#0000ff
size=2>Adrian
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style="PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #0000ff 2px solid; MARGIN-RIGHT: 0px">
<FONT
face=Tahoma size=2>-----Original Message-----From: FXTrader
[mailto:fxtrader@xxxxxxxxxxx] Sent: Tuesday, 4 June 2002 10:57
PMTo: realtraders@xxxxxxxxxxxxxxxSubject: RE: [RT] Trade
Numbers and Performance.
<FONT face=Arial color=navy
size=2><SPAN
style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-size: 12.0pt">Good
Morning Adrian:
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style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-size: 12.0pt">
<FONT face=Arial color=navy
size=2><SPAN
style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-size: 12.0pt">Thanks
for the kind words. Yes, money management is crucial. I use multiple stops
(3).
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size=2><SPAN
style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-size: 12.0pt">
<FONT face=Arial color=navy
size=2><SPAN
style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-size: 12.0pt">Once a
position is established, my program sets an <SPAN
style="FONT-WEIGHT: bold">initial stop loss of
8%.
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size=2><SPAN
style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-size: 12.0pt">
<FONT face=Arial color=navy
size=2><SPAN
style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-size: 12.0pt">When
the stock rises, it is followed by a <SPAN
style="FONT-WEIGHT: bold">trailing stop equal to 92% of the highest price the
security achieves since it
opened.
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size=2><SPAN
style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-size: 12.0pt">
<FONT face=Arial color=navy
size=2><SPAN
style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-size: 12.0pt">Once
the profit exceeds 20%, There is a profit
protect stop equal to 95% of the highest profit achieved at 20% or
higher.
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size=2><SPAN
style="FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-size: 12.0pt">
<FONT face=Arial color=navy
size=2><SPAN
style="FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-size: 12.0pt">
<FONT face=Arial color=navy
size=2><SPAN
style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-size: 12.0pt">
<FONT face=Arial color=navy
size=2><SPAN
style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-size: 12.0pt">So the
system calculates and applies each stop as the trade develops. <SPAN
style="FONT-WEIGHT: bold">INITIAL, then TRAILING, then PROFIT
PROTECT
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size=2><SPAN
style="FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-size: 12.0pt">
<FONT face=Arial color=navy
size=2><SPAN
style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-size: 12.0pt">It
will take profits on strong weakness but can let your profits run
too.
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size=2><SPAN
style="FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-size: 12.0pt">
<FONT face=Arial color=navy
size=2><SPAN
style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-size: 12.0pt">Rich
C.
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size=2><SPAN
style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-size: 12.0pt">
<FONT face=Arial color=navy
size=2><SPAN
style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-size: 12.0pt"> To
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