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dorusone  
#1 Posted : Friday, August 12, 2005 10:37:30 AM(UTC)
dorusone

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Hello friends, I need some help with the following : i want to see on the chart : 1) Initial Stoploss Long = 0.995 * Last Significant Down Day. (the Last Significant down day is the Day with the lowest low before the Entry) Then the Trailing stops : After the Entry the first trialing stop is 0.995 * LOW of the Entry day. If a new significant day is made ( a day with a higher high then the high of the entry day) the stop is moved to 0.995* Low of new significant day. If a daymove is > 4% the Trailing stop is placed 0.995 * 50% * range of the 4% day. Thanks a lot in advance.
StorkBite  
#2 Posted : Saturday, August 13, 2005 3:17:40 AM(UTC)
StorkBite

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Hey Dorusone- Make sure to check out the Formula Primer... lots of good examples! I just want to try this, but I am not in front of MS to work it out exactly. Hopefully it can get you started. :D LongStop:= mul(0.995,Ref(LLV(L,22),-1)); {change the 22 to whatever time periods} TrailStop:= if(C>mul(ref(C,-1),1.04), {then} mul(0.4975,(H-L)), {else} mul(0.995,LLV(L,1)));
Jose  
#3 Posted : Saturday, August 13, 2005 8:11:30 AM(UTC)
Jose

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Also try some of these trailing stop indicators found at http://metastocktools.com/#metastock : ATR trailing stop - Long/Short ATR Chandelier trailing stop & signals - MetaStock & TradeSim versions: http://metastocktools.com/MetaStock/ATRstop.txt Std trailing stop - Long/Short price trailing stop & signals - MetaStock, TradeSim & AdvTrailingStop plug-in versions: http://metastocktools.com/MetaStock/TrailStop.txt jose '-) http://metastocktools.com .
wabbit  
#4 Posted : Saturday, August 13, 2005 9:25:32 AM(UTC)
wabbit

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You could also try Richard Dale's excellent and free trailing stop indicator: http://www.tradernexus.c...edstop/advancedstop.html wabbit :D
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