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Your experience matches mine. I found that profit stops work the best on
fast trading systems, levels can be very well defined for certain stocks (or
ETFs).
Good to hear you are having fun :-)
this is was it is all about.
Herman.
> -----Original Message-----
> From: eseward_2000 [mailto:eseward_2000@x...]
> Sent: 24 October, 2002 10:35 PM
> To: amibroker@xxxxxxxxxxxxxxx
> Subject: [amibroker] Re: Stops
>
>
> Thanks for the very interesting feedback.
>
> Bill
>
> --- In amibroker@xxxx, "doedau" <doed@xxxx> wrote:
> > Hi,
> > I have two systems that I have been first refining without stops.
> > After getting to some reasonable level I apply stops.
> >
> > At first I thought I was making a mistake.
> > Trailing stop always dramatically decreased win/loss ration and
> > profit%, unless raised to something like 30 - 40% which is almost
> > useless.
> >
> > If I applied profit stop, performance increased significantly and
> > seemed to optimise at a surprisingly low value of 5 - 7%.
> >
> > In a way I am please to see others having same experience but it
> > seems to fly in the face of usual advice to stop losses quickly and
> > let profits run.
> >
> > Interested to hear others views. I havent been able to improve buy
> > indicator to chanage this effect.
> >
> > --- In amibroker@xxxx, "Herman van den Bergen" <psytek@xxxx> wrote:
> > > Hello,
> > >
> > > you might want to try optimizing your stops with something like
> > this:
> > >
> > > LPos = Flip(Buy,Sell);
> > > SPos = Flip(Short,Cover);
> > > MXL = Optimize("LMaxLossStop",10,0,15,0.5);
> > > MXS = Optimize("SMaxLossStop",10,0,15,0.5);
> > > ML = IIf(LPos,MXL,IIf(SPos,MXS,0));
> > > ApplyStop(0,1,ML,1);
> > >
> > > Best regards,
> > > Herman.
> > >
> > > > -----Original Message-----
> > > > From: bvandyke [mailto:bvandyke@x...]
> > > > Sent: 23 October, 2002 7:33 PM
> > > > To: amibroker@xxxx
> > > > Subject: [amibroker] Stops
> > > >
> > > >
> > > > Hello all,
> > > >
> > > > I'd never really paid much attention to Stops, but in light of
> > recent
> > > > discussion of them and money management, i tried an experiment.
> > > >
> > > > I tested the T3 System in the AFL Library on the QQQ using LONGS
> > > > only, as that is the way i trade. Like Herman has stated, i
> also
> > have
> > > > found the T3 system useful. The results of the system with
> > different
> > > > Stops is below:
> > > >
> > > > QQQ-Using T3 System in AFL Library
> > > > Longs Only; $10,000 invested; $10 Commission.
> > > > Time period = 4/1/99 thru 10/23/02
> > > >
> > > > 1)No Stop Total Equity = $13,589
> > > > 2)Profit Target 10% Stop, Total Equity = $18,039
> > > > 3)Trailing Stop 10%, Total Equity =$3,860
> > > > 4)Maximum Loss Stop 10%, Total Equity =$6,045.
> > > >
> > > > I found it interesting and may explore it further since it does
> > seem
> > > > that with some securities Stops may improve performance.
> > > >
> > > > Bill
> > > >
> > > >
> > > >
> > > >
> > > >
> > > > Post AmiQuote-related messages ONLY to: amiquote@xxxx
> > > > (Web page: http://groups.yahoo.com/group/amiquote/messages/)
> > > >
> > > > Check group FAQ at:
> > > > http://groups.yahoo.com/group/amibroker/files/groupfaq.html
> > > >
> > > > Your use of Yahoo! Groups is subject to
> > http://docs.yahoo.com/info/terms/
> > > >
> > > >
> > > >
>
>
>
> Post AmiQuote-related messages ONLY to: amiquote@xxxxxxxxxxxxxxx
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>
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