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Use as an entry stop-
Stop = 2 * ATR(10);
ApplyStop( 0, 2, Stop, 0,0 );
The ApplyStop function in the UserGuide will help you
see what the settings are for applystop.
Below is a trailing stop
Trail = 6* ATR(10);
ApplyStop(stopTypeTrailing, stopModePoint, Trail, 1,
True,0);
Eric
P.S I found that the turtles rules in their original
form do not work well at all. You need advanced
pyramiding and Ive had limited sucess with this. But
good luck!
Eric
--- balin8425 <balin8425@xxxxxxxxx> wrote:
> I'd like to write the code for a stop that is 2*ATR
> below the price
> at which I buy the stock. I can't figure it out. I
> am trying to
> translate the Turtle Trading Rules below. Has
> anyone tried this?
> Can someone tell me how to do the STOP?
>
> I tried ApplyStop but couldn't figure it out. I am
> totally new to
> AFL, and to Amibroker.
>
> Thanks, Balin Butler
>
>
>
>
>
> /// Turtle 20-Day Breakout
> Replica //////////////////////////////////////
>
> vars:
>
N(0),StopLoss(1),DV(0),BB(0),AccountBalance(0),DollarRisk
> (0),LTT(0),
> Tracker(0),LastTrade(0),HBP(0),LBP(0); input:
> InitialBalance
> (100000),Length(20);
>
> if marketposition = 0 then begin
> BB = 0;
> N = xAverage( TrueRange, Length );
> DV = N * BigPointValue;
>
> AccountBalance = InitialBalance;
> DollarRisk = AccountBalance * .01;
> LTT = IntPortion(DollarRisk/DV);
> StopLoss = 2 * DV * LTT;
>
> if LastTrade = -1 then begin
> buy LTT shares next bar highest(h,20) or higher;
> buy LTT shares next bar highest(h,20) + (0.5*N) or
> higher;
> buy LTT shares next bar highest(h,20) + (1.0*N) or
> higher;
> buy LTT shares next bar highest(h,20) + (1.5*N) or
> higher;
> sellshort LTT shares next bar lowest(l,20) or lower;
>
> sellshort LTT shares next bar lowest(l,20) - (0.5*N)
> or lower;
> sellshort LTT shares next bar lowest(l,20) - (1.0*N)
> or lower;
> sellshort LTT shares next bar lowest(l,20) - (1.5*N)
> or lower;
> end;
>
> if LastTrade = 1 then begin
> buy LTT shares next bar highest(h,55) or higher;
> buy LTT shares next bar highest(h,55) + (0.5*N) or
> higher;
> buy LTT shares next bar highest(h,55) + (1.0*N) or
> higher;
> buy LTT shares next bar highest(h,55) + (1.5*N) or
> higher;
> sellshort LTT shares next bar lowest(l,55) or lower;
>
> sellshort LTT shares next bar lowest(l,55) - (0.5*N)
> or lower;
> sellshort LTT shares next bar lowest(l,55) - (1.0*N)
> or lower;
> sellshort LTT shares next bar lowest(l,55) - (1.5*N)
> or lower;
> end;
>
> end;
>
> // PREVIOUS TRADE TRACKER
> if HBP = 0 and h > highest(h,19)[1] then begin
> Tracker = 1; HBP = h; LBP = 0;
> end;
>
> if LBP = 0 and l < lowest(l,19)[1] then begin
> Tracker = -1; LBP = l; HBP = 0;
> end;
>
> if Tracker = 1 then begin
> if l < HBP - (2*N) then LastTrade = -1;
> if h > HBP + (4*N) then LastTrade = 1;
> end;
>
> if Tracker = -1 then begin
> if h > LBP + (2*N) then LastTrade = -1;
> if l < LBP - (4*N) then LastTrade = 1;
> end;
>
> // LONG 20
> if LastTrade = -1 and marketposition = 1 then begin
> BB = BB + 1;
> if currentshares = LTT then begin
> buy LTT shares next bar highest(h,20)[BB] + (0.5*N)
> or higher;
> buy LTT shares next bar highest(h,20)[BB] + (1.0*N)
> or higher;
> buy LTT shares next bar highest(h,20)[BB]+ (1.5*N)
> or higher;
> end;
>
> if currentshares = LTT * 2 then begin
> buy LTT shares next bar highest(h,20)[BB] + (1.0*N)
> or higher;
> buy LTT shares next bar highest(h,20)[BB] + (1.5*N)
> or higher;
> end;
>
> if currentshares = LTT * 3 then
> buy LTT shares next bar highest(h,20)[BB] + (1.5*N)
> or higher;
> end;
>
> // LONG 55
> if LastTrade = 1 and marketposition = 1 then begin
> BB = BB + 1;
> if currentshares = LTT then begin
> buy LTT shares next bar highest(h,55)[BB] + (0.5*N)
> or higher;
> buy LTT shares next bar highest(h,55)[BB] + (1.0*N)
> or higher;
> buy LTT shares next bar highest(h,55)[BB]+ (1.5*N)
> or higher;
> end;
> if currentshares = LTT * 2 then begin
> buy LTT shares next bar highest(h,55)[BB] + (1.0*N)
> or higher;
> buy LTT shares next bar highest(h,55)[BB] + (1.5*N)
> or higher;
> end;
> if currentshares = LTT * 3 then
> buy LTT shares next bar highest(h,55)[BB] + (1.5*N)
> or higher;
> end;
> sell ("out-S") next bar lowest(l,10) or lower;
>
> // SHORT 20
> if LastTrade = -1 and marketposition = -1 then begin
>
> BB = BB + 1;
> if currentshares = LTT then begin
> sellshort LTT shares next bar lowest(l,20)[BB] -
> (0.5*N) or lower;
> sellshort LTT shares next bar lowest(l,20)[BB] -
> (1.0*N) or lower;
> sellshort LTT shares next bar lowest(l,20)[BB] -
> (1.5*N) or lower;
> end;
> if currentshares = LTT * 2 then begin
> sellshort LTT shares next bar lowest(l,20)[BB] -
> (1.0*N) or lower;
> sellshort LTT shares next bar lowest(l,20)[BB] -
> (1.5*N) or lower;
> end;
> if currentshares = LTT * 3 then
> sellshort LTT shares next bar lowest(l,20)[BB] -
> (1.5*N) or lower;
> end;
>
> // SHORT 55
> if LastTrade = 1 and marketposition = -1 then begin
> BB = BB + 1;
> if currentshares = LTT then begin
> sellshort LTT shares next bar lowest(l,55)[BB] -
> (0.5*N) or lower;
> sellshort LTT shares next bar lowest(l,55)[BB] -
> (1.0*N) or lower;
> sellshort LTT shares next bar lowest(l,55)[BB] -
> (1.5*N) or lower;
> end;
> if currentshares = LTT * 2 then begin
> sellshort LTT shares next bar lowest(l,55)[BB] -
> (1.0*N) or lower;
> sellshort LTT shares next bar lowest(l,55)[BB] -
> (1.5*N) or lower;
> end;
> if currentshares = LTT * 3 then
> sellshort LTT shares next bar lowest(l,55)[BB] -
> (1.5*N) or lower;
> end;
> buytocover ("out-B") next bar highest(h,10) or
> higher;
>
> // STOPS
> if currentshares = (2 * LTT) then StopLoss = DV *
> 3.5 * LTT;
> if currentshares = (3 * LTT) then StopLoss = DV *
> 4.5 * LTT;
> if currentshares = (4 * LTT) then StopLoss = DV *
> 5.0 * LTT;
> setstoploss (StopLoss);
>
> // COMMENTARY
> commentary ("LTT: ",LTT,Newline);
> commentary ("CurrentShares:
> ",CurrentShares,Newline);
=== message truncated ===
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