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Mickey
> So something like this would be a good substitute If(H > Ref(H,-20)
> ,Ref(OPEN,+1),0) for Williams buy Stop. It gives next day OPEN when High
> is higher that 20 days ago.
Not quite, though that could also be used as a breakout signal (IMHO).
The level to break out above is determined by the following pattern in 5 (or 6) consecutive bars
where HH means "highest high in this pattern", and H means "high that is lower than the highest high
in this pattern".
The 5 bar pattern is H, H, HH, H, H.
The six bar pattern is H, H, HH, HH, H, H.
I leave the coding over to you.
Of course there are filters to be applied as well.
> I believe it would be perfectly possible to include commissions into
> your MaxLoss code, you could include it as a input.
Yes it is possible to include commissions, and I think I have posted an example. Where it starts to
get difficult is when fixed commissions are used with compounding equity. As I never bother now with
compounding equity this is not an issue for me.
Roy
> -----Original Message-----
> From: owner-metastock@xxxxxxxxxxxxx
> [mailto:owner-metastock@xxxxxxxxxxxxx] On Behalf Of Roy Larsen
> Sent: woensdag 29 augustus 2001 01:59
> To: metastock@xxxxxxxxxxxxx
> Subject: Re: Coding MaxLoss and ProfitTarget Stops
>
>
> 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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