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Preston,
Many Thanks for your reply and the code!!! I shall take a look and
see if it performs as I had hoped for in MS.
Cheers and All the Best,
Chorlton
--- In equismetastock@xxxxxxxxxxxxxxx, pumrysh <no_reply@xxx> wrote:
>
> 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@> 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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