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Sorry if this has been asked.
What's the difference between mode 1 and 3:
1 - amount in percent, 3 - amount in percent of profit (risk)
>From MS, I understand 3 should be the maximum profit at risk. If it's
a trailing stop, then what's the difference between mode 1 and 3?
Thanks,
--- In amibroker@xxxx, "Tomasz Janeczko" <amibroker@xxxx> wrote:
> 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
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