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yes that is what it does .. It is similar to Chuck Lebeau's "Chandelier"
stops .. the question is : Is the program for these stops taking into
account current bar highs and lows and executing orders based on those too
.. so that one would be forced to watch for new intra-day hi's/lows and
severe reversals from those new levels?
----- Original Message -----
From: "Jim Bronke" <jvbronke@xxxxxxxx>
To: "Chris Evans" <evanscje@xxxxxxxxxxxxx>; "Omega List"
<omega-list@xxxxxxxxxx>
Sent: Thursday, December 06, 2001 8:08 PM
Subject: Re: Built in ATR stops
> I've looked at it and am not sure I completely understand it. If a stock
> spikes up your ATR exit is baseed upon the new high. The ATRs a calculated
> downward. It can then give you a rather premature exit. From what I see of
> the code it bases the new exit on the high from the most recent bar. When
> this high is lower, it can mean a lower exit. The only reason it doesn't
go
> much lower is that the Average True Range is getting smaller. I haven't
> broken it down but it is a good idea to combine this exit with others.
>
> Jim Bronke
>
>
> ----- Original Message -----
> From: "Chris Evans" <evanscje@xxxxxxxxxxxxx>
> To: "Omega List" <omega-list@xxxxxxxxxx>
> Sent: Thursday, December 06, 2001 10:34 AM
> Subject: Built in ATR stops
>
>
> > regarding the ATR stops that one can select to add to a system from that
> > grand list of prefab signals in TS2000 .. Are they coded correctly? ..
> they
> > seem to give some odd fills that I can't duplicate if I put what should
be
> > matching code into the program itself?? Has anyone investigated this?
> > Chris E.
> > Phoenix AZ
> >
>
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