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Hello,
Currently ApplyStop supports only 3 simultaneous stops:
one max loss top, one profit target and one trailing stop.
To workaround this limitation I would suggest using the following:
ApplyStop( 0, 1, 6, 1 ); // 6% max loss + exit at stop
ApplyStop( 2, 1, 8, 0 );
Buy = your rule here;
Sell = your rule here;
Buy = ExRem( buy, sell );
sell = ExRem( sell, buy );
Stop2 = BarsSince( Buy ) > 1 AND Ref( Low, -1 ) < 0.96 * ValueWhen( Buy, BuyPrice ); // 4% max loss next day
SellPrice = IIf ( Stop2, Open, SellPrice );
Sell = Sell OR Stop2;
Best regards,
Tomasz Janeczko
amibroker.com
----- Original Message -----
From: <njpowell@xxxx>
To: <amibroker@xxxxxxxxxxxxxxx>
Sent: Thursday, November 29, 2001 9:36 PM
Subject: [amibroker] Multiple Stops
> To anyone who can help,
>
> Currently my maximum stop loss is 4% and trailing stop is 8% in
> Settings. What I would like to do is this, if the price drops from
> 4% to 6% below my buy price, give a signal to exit at the open the
> next trading day, but if the price drops more than 6%, I want to exit
> it immediately.
>
> I tried using: ApplyStop(0,1,6,1); -- maximum stop loss, percent
> mode, 6%, exit at stop YES; -- but by useing it, it made everything
> a 6% max stop, exit @ stop and ignored the 4%.
> I'm looking for:
> max stop at 4%(exit at stop=NO)
> max stop at 6%(exit at stop=YES)
> trailing stop at 8%(exit at stop=NO)
> How can I do this in afl code?
> Nathan
>
>
>
>
>
> Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
>
>
>
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