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Philip:
Please post your results here.
Lionel Issen
lissen@xxxxxxxxxxxxxx
----- Original Message -----
From: "Philip" <pschmi02@xxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Wednesday, June 27, 2001 2:51 PM
Subject: Re: Trailing stop formula
> Jackpot!
>
> I was not expecting four versions of the formula -- over night, no less --
so I'm
> very pleasantly surprised. Jeff, Kevin, Roy, Dave -- many thanks. I'll be
working
> with the formulas in a few weeks.
>
> Best regards until then,
> Philip Schmitz
>
> Philip wrote:
>
> > Greetings,
> >
> > I would like to ask your help in writing a formula for trailing stops.
The
> > concepts themselves are very basic:
> >
> > For short trades: H + ATR(10)
> > For long trades: L- ATR(10) . . . or some such, doesn't really matter at
this
> > point.
> >
> > But I'd like to write the formula in such a way that once a trade has
been
> > entered, the stop ONLY moves in the direction of the trade, or stays at
the
> > same level. Thus, in a short trade, the stop would only follow the
market
> > down or stay unchanged, it would never retrace any progress it's made,
never
> > give up any ground, even if the market moved up against the position.
The
> > same would hold true for a long trade, in reverse naturally. The
trailing
> > stop moves up with price, but goes sideways if the market drops, thereby
> > letting the stop take me out.
> >
> > Has anyone been over this terrain? I am running MS 6.52.
> >
> > Best regards,
> > Philip
>
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