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Hello GP,
Thanks for your detailed reply.
Looking at the code posted, I think I will need to refer back to the
manual just to ensure that I understand what every line of code is
actually doing, as my programming is pretty basic!!! :-/
However, I do appreciate your time in posting the answer.
Many Thanks & All the best,
Chorlton
--- In amibroker@xxxxxxxxxxxxxxx, "gp_sydney" <gp.investment@xxx>
wrote:
>
> That's not really a trailing stop, since the AccDist line can fall
as
> long as it doesn't exceed your limit.
>
> You could try something like:
>
> ad = AccDist();
> hsb = HighestSince(Buy, ad);
> Sell = ad < hsb*0.9;
>
> Note though that this will be upset by new buy signals before a sell
> if the AccDist value has dropped somewhat from its highest value
since
> the last buy. When you hit a new buy, hsb will then be the highest
> since that buy, which may be lower than the highest value since the
> original buy. This could allow AccDist to drop more than 10% from
the
> highest value since the original buy without triggering a sell. If
you
> want to avoid that, you'd probably need to generate the Sell array
> iteratively using a loop, removing redundant Buy signals as you go:
>
> ad = AccDist();
> Sell = False;
> hsb = 0;
> doHold = False;
> for (i = 0; i < BarCount; i++)
> {
> if (!doHold)
> {
> if (Buy[i])
> {
> doHold = True;
> hsb = ad[i];
> }
> }
> else
> {
> Buy[i] = False;
> if (ad[i] > hsb)
> hsb = ad[i];
> if (ad[i] < hsb * 0.9)
> {
> doHold = False;
> Sell[i] = True;
> }
> }
> }
>
> Regards,
> GP
>
>
> --- In amibroker@xxxxxxxxxxxxxxx, "chorlton_c_hardy"
> <chorlton-c-hardy@> wrote:
> >
> > Hello All,
> >
> > I'm tryin to code a trailing stop loss but am having a number of
> > problems with writing the code.
> >
> > What I'm trying to achieve is:
> >
> > 1. Once a Buy signal appears from my system, the value of the
current
> > AccDist() Line should be recorded.
> >
> > 2. As long as the AccDist() moves upwards the trade should remain
> > open.
> >
> > 3. However, once the AccDist() line falls by a certain percentage
> > (say 10% for this example) from its Highest value since the trade
was
> > opened, the trade should be stopped out.
> >
> > I have some code for a simple trailing stop based on the Low of
the
> > price (see below) but I'm not sure how to modify it to accomplish
the
> > above.
> >
> > Any ideas would be most welcome...
> >
> >
> > Initial = LLV(Low,5);
> >
> > stop[0] = Close[0];
> > for( i = 1 ; i < BarCount; i++)
> > {
> > if( Close[i] > stop[i-1])
> > {
> > stop[i] = Max( initial[i], stop[i-1] );
> > }
> > else { stop[i] = initial[i]; }
> > }
> >
> > Plot( stop, " Stop Loss", ParamColor("Color", colorCycle ),
ParamStyle
> > ("Style", styleDots | styleNoLine, maskDefault | styleDots |
> > styleNoLine ) );
> >
> >
> > Many Thanks in advance,
> >
> > Chorlton
> >
>
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