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Herman
My code returns the entry price (stop value).
Just substitute any entry of your own choosing, it doesnt matter. See the gif in my previous post.
Roy
----- Original Message -----
From: "Herman van den Bergen" <psytek@xxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Wednesday, 29 August 2001 10:19
Subject: Re: Coding MaxLoss and ProfitTarget Stops
> At 07:32 AM 8/29/01 +1200, you wrote:
> >The "Williams Buy Stop" indicator is a breakout entry signal based on the
> work of Bill Williams I believe his book is called "New Dimensions in
> Trading". I didn't create the indicator and don't have permission to pass
> it on, but the concept is to enter long once a the price breaks above a
> previous high that is straddled by two lower highs on each side.
>
> Hi Roy, no need to post the formula, but could you tell me what value the
> formula returns so that I can substitute something else for testing purposes?
>
> Many thanks,
> Herman.
>
> >
> >The signals are most likely contained in the password protected expert
> called "Profitunity - Bill
> >Williams".
> >
> >Perhaps someone who has developed the code from the book might like to
> share it.
> >
> >Roy
> >
> >> This is great work you are posting here. And I'm eagerly to give it a
> >> try, but what is "Williams Buy Stop" indicator ? Is that the entry point
> >> of the system ?
> >> Thanks
> >> Mickey
> >>
> >> -----Original Message-----
> >> From: owner-metastock@xxxxxxxxxxxxx
> >> [mailto:owner-metastock@xxxxxxxxxxxxx] On Behalf Of Roy Larsen
> >> Sent: dinsdag 28 augustus 2001 11:49
> >> To: metastock@xxxxxxxxxxxxx
> >> Subject: Re: Coding MaxLoss and ProfitTarget Stops
> >>
> >>
> >> Herman
> >>
> >> > Has anybody succeeded handcoding the Maximum Loss and Profit Target
> >> > Stops such that System Tester Stop results are identical to using the
> >> > custom coded stops?
> >> >
> >> > I am having great difficulty getting similar results and would
> >> > appreciate any suggestions or pieces of code that can help me.
> >>
> >> Here is a sampling of work-in-progress on profit stops for MS. I have
> >> yet to check any of these against MS but will do so over the next few
> >> days. For the life of me I can't see how MS stops can execute at
> >> tradeable steps - see comments on code further down.
> >>
> >> Thanks to Glen Wallace for his comments, and the code above his name
> >> from the Guppy site. I never intended to use the PREV function but it
> >> appears to be the only way to go without programming skills and a
> >> development kit.
> >>
> >> The Target Exit indicator is by far the slowest in use (for multi-stock
> >> system testing) as the Entry variable combines the all 3 elements of
> >> profit, loss and time. When testing it I called the appropriate stop
> >> using FmlVar()'s rather than the usual Fml() that is used with single
> >> purpose indicators.
> >>
> >> With Profit Stop I have added some code to convert the stop value to the
> >> next higher ASX tradeable step. Similar code could be added to a stop
> >> loss or exit stop by those who need it (i.e. have their own stop capable
> >> system tester).
> >>
> >> I'm going to have a lot more fun with this stuff yet. There are a number
> >> of possibilities yet to explore. I hope there is something here that
> >> will help or give you inspiration.
> >>
> >> Roy
> >>
> >> {Profit Exit - entered on Close}
> >> Profit:=Input("Profit target %",1,50, 5)/100; Entry:=Fml("Williams Buy
> >> Stop"); EntryAmt:=If(PREV<=0,If(Entry>0,CLOSE,0),
> >> If(H>PREV*(1+Profit),-PREV,PREV));
> >> Target:=Abs(EntryAmt)*(1+Profit);
> >> EntryAmt<0 AND H>Target; {binary exit signal}
> >>
> >> {Profit Exit - entered on Open}
> >> Profit:=Input("Profit target %",1,50, 5)/100; Entry:=Fml("Williams Buy
> >> Stop"); EntryAmt:=If(PREV<=0,If(Entry>0,OPEN,0),
> >> If(H>PREV*(1+Profit),-PREV,PREV));
> >> Target:=Abs(EntryAmt)*(1+Profit);
> >> EntryAmt<0 AND H>Target; {binary exit signal}
> >>
> >> {Profit Exit - entered on Stop}
> >> Profit:=Input("Profit target %",1,50, 5)/100; Entry:=Fml("Williams Buy
> >> Stop"); EntryAmt:=If(PREV<=0,If(Entry>0,Entry,0),
> >> If(H>PREV*(1+Profit),-PREV,PREV));
> >> Target:=Abs(EntryAmt)*(1+Profit);
> >> EntryAmt<0 AND H>Target; {binary exit signal}
> >>
> >> {Profit Stop - entered on Stop}
> >> Profit:=Input("Profit target %",1,50, 5)/100; Entry:=Fml("Williams Buy
> >> Stop"); EntryAmt:=If(PREV<=0,If(Entry>0,Entry,0),
> >> If(H>PREV*(1+Profit),-PREV,PREV));
> >> Target:=Abs(EntryAmt)*(1+Profit);
> >> X:=If(EntryAmt<0 AND H>Target,Target,0); Stop:=If(X=0,0,If(X>0.1 AND
> >> X<=0.5, If(Int(X*200)=X*200,X+.005, Int((X+.005)*200)/200), If(X<=0.1,
> >> If(Int(X*1000)=X*1000,X+.001, Int((X+.001)*1000)/1000),
> >> If(Int(X*100)=X*100,X+.01, Int((X+.01)*100)/100)))); Stop; {Value exit
> >> signal}
> >>
> >> {Target Exit}
> >> Profit:=Input("Percent profit",1,50, 5)/100;
> >> Loss:=Input("Percent loss" ,1,50,50)/100;
> >> Time:=Input("Maximum trade duration",1,50,2); Entry:=Fml("Williams Buy
> >> Stop"); Init:=Cum(Entry<>-1)=0;
> >> EntryPrice:=If(PREV<=0,If(Entry>0,Entry,0),
> >> If(H>PREV*(1+Profit)
> >> OR L<=PREV*(1-Loss)
> >> OR BarsSince(PREV=0)>=Time,-PREV,PREV));
> >> Trade:=Init=0 AND EntryPrice<>0;
> >> ProfitTarget:=Abs(EntryPrice)*(1+Profit);
> >> LossTarget:=Abs(EntryPrice)*(1-Loss);
> >> ProfitExit:=If(EntryPrice<0 AND H> ProfitTarget,ProfitTarget,0);
> >> LossExit:=If(EntryPrice<0 AND L<= LossTarget,LossTarget,0);
> >> ProfitExit:=If(EntryPrice<0 AND ProfitExit=0 AND
> >> LossExit=0,O,ProfitExit); LossTarget; ProfitTarget;
> >>
> >>
> >>
> >>
> >>
> >>
> >>
> >
> >
>
>
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