Re: Trailing stop

["Barry Silberman" <barry@xxxxxxxxxxxxxxxxxxxxx>]

Kelly,

Here is a Chandelier exit used used to preserve profits on long entries.  It
is based on super material from Chuck LeBeau, a frequent contributor to the
Omega List.

You can go to his site at   http://www.traderclub.com/discus/board.html.

Take a look at his past bulletins.  There is a wealth of information there.

Hope this helps.

Barry

{the long exit signal follows}
If Close >= entryprice + (2* AvgTrueRange(30)) then Exitlong ("Chandelier")
MaxTradeHigh - (3 * Average(TrueRange, 10)) stop;


{Function: MaxTradeHigh}
Variable: MP(0);
MP = MarketPosition;
If MP <> 0 Then Begin
    If MP <> MP[1] Then
        MaxTradeHigh = High
    Else If High > MaxTradeHigh[1] Then
        MaxTradeHigh = H;
End
Else
   MaxTradeHigh = -999999;





----- Original Message -----
From: <KCSpread@xxxxxxx>
To: <omega-list@xxxxxxxxxx>; <code-list@xxxxxxxxxxxxx>
Sent: Tuesday, February 29, 2000 12:42 PM
Subject: Trailing stop


> List,
>
> Before I try to reinvent the wheel I wanted to check & see if anyone has
> coded a trailing stop.  My application is intended for use with EOD data.
>
> Thanks,
> Kelly
>