jmp23834
18 posts
msg #91862
- Ignore jmp23834 |
4/30/2010 7:31:43 PM
I need help with plotting a trailing stop. I want to trail a 3 dollar stop starting with the day I buy. Here are the 2 things I can't figure out.
1. How do I capture the price on the day I enter an item in the watch list? Date Added.
2. How do I plot the stop if it goes up but keep it the same if it goes down.
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alf44
2,025 posts
msg #91865
- Ignore alf44
modified |
4/30/2010 8:20:06 PM
Not exactly what you asked for ... but ...
... jmp23834 meet Parabolic SAR ... Parabolic SAR meet jmp23834 !!!
click here ---> Parabolic SAR
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jmp23834
18 posts
msg #91972
- Ignore jmp23834 |
5/3/2010 9:54:00 AM
Let me clarify what I am trying to do.
1. I have a watch list of stocks I am holding
2. Here is the filter pseudo code.
show stocks apply to watchlist(Active)
set{Initial _ATR, ATR(10) on Date Added} Date Added is in watch list
set{ATR_Mult, Initial_ATR * 3}
set{High_Price, Highest High since Date Added}
set{stop,High_Price - ATR_Mult}
draw stop on plot close
This should create a trailing stop very similar to the PSAR except the stop starts on the date I add the stock to the watch list and there is no accelerator.
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johnpaulca
12,036 posts
msg #91979
- Ignore johnpaulca |
5/3/2010 10:46:38 AM
There have been three major trading studies done that come to the conclusion....that good exits make a random entry system profitable.
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jmp23834
18 posts
msg #91980
- Ignore jmp23834 |
5/3/2010 11:13:57 AM
JohnPaul, does that mean you like the exit?
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