[EquisMetaStock Group] Re: Help Needed with writing MS Code

[pumrysh <no_reply@xxxxxxxxxxxxxxx>]

Chorlton,

Here are two versions:

X:=Close;
BStop:=X-ATR(10)*2.5;
If(Bstop> Ref(Bstop,-1) and
X>Ref(X,-1),Bstop,Ref(BStop,-1));


X:=Close;
BStop:=X-ATR(10)*2.5;
If(Bstop> Ref(Bstop,-1) and
X>REF(X,-1),Bstop,PREV);

This can be simplified further by removing the Bstop> Ref(Bstop,-1) 
statement. It plots the same without it. The only real difference in 
the posted code is how the buy stop is treated in the event of a 
close being less than ref(close,-1).

Hope this helps,


Preston

 



--- In equismetastock@xxxxxxxxxxxxxxx, "chorlton_c_hardy" 
<micro_dot_uk@xxx> wrote:
>
> 
> Hello All,
> 
> I have some code for a trailing stop which I have written in 
another 
> language for another of my software applications. 
> 
> However, I am now trying to convert this code to MS but am having 
> some serious difficulties :-(  
> 
> The code:
> 
> Factor= AverageTrueRange[10](close)*2.5
> 
> BuyStop = CLOSE - Factor
> 
> IF BuyStop > BuyStop[1] THEN
> 	
> 	IF CLOSE > CLOSE[1] THEN
> 		
> 		BuyStop = CLOSE - Factor
> 		
> 	ELSE
> 		
> 		BuyStop = BuyStop[1]
> 		
> 	ENDIF
> 	
> ELSE
> 	
> 	IF CLOSE > BuyStop[1] THEN
> 		
> 		BuyStop = BuyStop[1]
> 		
> 	ELSE
> 		
> 		BuyStop = CLOSE - Factor
> 			
> 	ENDIF
> 	
> ENDIF
> 
> RETURN	BuyStop
> 
> 
> Basically, what I want to achieve is as follows:
> 
> - As the price closes higher the stop moves up and remains 
at "close-
> AverageTrueRange[10](close)*2.5" distance below current bar.
> - If the price fails to make new highs but remains above 
yesterdays 
> stop level, then the stop moves horizontal for the next period ie. 
> Remains at same level as yesterday
> - Once the closing price drops below the current stop level, the 
stop 
> resets itself at the next bar to "close-AverageTrueRange[10](close)
> *2.5"
> 
> 
> Any Help much appreciated....
>




 
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