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Thanks, Anthony, your idea works!
by the way, what do you find wrong with this idea? Too tight a stop?
--- In Metastockusers@xxxxxxxxxxxxxxx, anthony chia
<anthonychiasl@xxxx> wrote:
> To solve view distortion, try this:
>
> atrs := 4;
> atrmult:= 0.25;
> longentry:= Cross(C,Mov(C,40,E));
> stopl:=If(BarsSince(longentry)=0,L-ATR(atrs)*atrmult,If(L>Ref(L,-
> 1),PREV+(L-Ref(L,-1)),If(PREV>(1.1*H),(1.1*H),PREV)));
> stopl;
>
> Anthony Chia
>
> PS: Not sure if this trailing stop is good.
>
> metarockx <k_rock@xxxx> wrote:
> hi everybody
>
> I have designed a close trailing stop for short term systems.
> The logic is to start with an ATR multiple subtracted from the low
> on the first day of the trade and on the following days to rise
the
> stop by the difference of the respective lows, yet in such a way
> that the stop for the long position can never be lower than the
> previous stop value.
>
> (entry is only a simple example)
>
> atrs := 4;
> atrmult:= 0.25;
>
> longentry:= Cross(C,MOV(C,30,S));
>
> stopl:=If(BarsSince(longentry)=0,L-ATR(atrs)*atrmult,If(L>Ref(L,-
> 1),PREV+(L-Ref(L,-1)),PREV));
>
> stopl;
>
> I'd like to plot this as an indicator in the chart window. My
> problem is that during the "flat" periods the stop grows higher
and
> higher and so it distorts the chart view.
>
> Anybody got an idea how to avoid that?
>
> Thanks so much
>
> metarockx
>
>
>
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