|
PureBytes Links
Trading Reference Links
|
Hi,
It is good that we have an opportunity to see the price moving up by 5%. But for a day trader, that is good reward. Therefore, it is not prudent to have the stop loss at buy price+brokerage+tax etc. if the price retreats. There should be a Trailing Stop Loss of approx. 2% which will automatically ring the bell to sell off with retreating price. If the price advances further, then we are still in the trade and the trailing stop loss will move up. e.g. if it goes to 9% plus, then the trailing stop loss should be @ 7%. Thus whatever happens, we make some money, protecting the capital at all times. I think that is your main contention in this coding.
Best wishes.
Sharad Kapadia
__._,_.___
**** IMPORTANT PLEASE READ ****
This group is for the discussion between users only.
This is *NOT* technical support channel.
TO GET TECHNICAL SUPPORT send an e-mail directly to
SUPPORT {at} amibroker.com
TO SUBMIT SUGGESTIONS please use FEEDBACK CENTER at
http://www.amibroker.com/feedback/
(submissions sent via other channels won't be considered)
For NEW RELEASE ANNOUNCEMENTS and other news always check DEVLOG:
http://www.amibroker.com/devlog/
![]()
__,_._,___
|