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Lionel,
In order to post results, I will have to a) work with the formulas I just
received, that is make sure I understand them and can make the stops fall where
I want , b) continue to ponder the effectiveness of several different types of
stops, exits and profit objectives, and c) purchase and learn to use a
completely new program that will allow me to test the ideas I've developed,
since Metastock doesn't have the capacity to enter on a stop.
But yes, when I have some stats I'll be happy to post them. Realistically, I
think I'll need about twelve months to 18 months.
Best regards,
Philip
> 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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