|
PureBytes Links
Trading Reference Links
|
Hello,
> Thanks for the answer, but I figure that the 'amount' is a value to
> be substrated from the hightest high the trade has reached earlier.
This is how trailing stop works.
> Is there a way to calculate a fixed price level that stays the same
> without changing at all.
Yes. Use max. loss stop (type = 1).
> For example, I had a trigger value to go long at 10 1/8 at the same
> time I want to place a maximum loss stop of 8 7/8 and this level
> stays the same throughout the trade, no changes regardless of other
> target stops or trailing stops that might be used later.
>
There are 3 kinds of stops in AMiBroker: max. loss, profit target
and trailing. You can mix all of them in the same formula.
The one you need is simply max. loss stop (type = 1 ) as described
in the User's Guide:
SYNTAX applystop( type, mode, amount, exitatstop )
RETURNS nothing
FUNCTION controls built-in stops from the formula level (allows optimization of stops)
Parameters:
type = 0 - maximum loss stop, 1 - profit target stop, 2 - trailing stop
mode = 0 - disable stop, 1 - amount in percent, 2 - amount in points, 3 - amount in percent of profit (risk)
amount = percent/point loss/profit trigger/risk amount. this could be a number (static stop level) or an array (dynamic stop level)
exitatstop = 0 - exits at defined price field, 1 - exits at stop level
EXAMPLE applystop( 0, 2, max_loss_in_points, 1 );
Best regards,
Tomasz Janeczko
amibroker.com
|