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minnamor  
#1 Posted : Sunday, February 26, 2006 2:58:40 AM(UTC)
minnamor

Rank: Advanced Member

Groups: Registered, Registered Users
Joined: 4/27/2005(UTC)
Posts: 126
Location: Italy

In the Help window called from the Stops window in System Editor it states: "When a stop is triggered, the position is closed regardless of the current status of your trading rules. The price at which the position is closed is the actual stop price or the specified exit price. If you check the "Exit at Stop Price" box in the Stops dialog, the position is closed at that exact stop price level, even if a trade delay has been specified. Trade delays are ignored if the Exit at Stop Price box is checked. " I cannot find the "Exit at Stop Price" box in the Stops dialog. I have MS V. 9.0 EOD and the 5 stops listed have only three categories of data: Position, Method, Parameter. Thanks and regards. Maurizio
Shelley  
#2 Posted : Wednesday, March 1, 2006 5:43:30 PM(UTC)
Shelley

Rank: Member

Groups: Registered, Registered Users
Joined: 2/7/2005(UTC)
Posts: 16
Location: BC

minnamor, I can't help you but I can confirm that I don't have this option either. I have the same version. Regards, Shelley
hayseed  
#3 Posted : Wednesday, March 1, 2006 7:21:59 PM(UTC)
hayseed

Rank: Advanced Member

Groups: Registered, Registered Users, Subscribers
Joined: 3/7/2005(UTC)
Posts: 1,346

hey minnamor........ if it helps any, the realtime version has slightly different language..... all five stops are listed......h """"""in addition to trading rules, each trading system can have up to five "stops." Stops are set by clicking the Stops tab in the System Editor dialog. Stops are used to close long and/or short positions based on the position's gains/losses. For example, the Maximum Loss stop will close a position if the position loses more than a specified amount. When a stop is triggered, the position is closed regardless of the current status of your trading rules. The price at which the position is closed is the actual stop price or the specified exit price. If the price gaps below a stop level on a long position, MetaStock exits at the open price of the next bar. If no open price is available, the high price of the next bar is used. Likewise, if the price gaps above a stop level on a short position, MetaStock exits at the open price of the next bar. If no open price is available, the low price of the next bar is used. Stops automatically take entry and exit commissions into account. For example, the Maximum Loss stop knows the amount of your "exit" commission and will attempt to close the position so the maximum loss will not be exceeded after you pay the exit commission. If two stops are triggered on the same bar, the more conservative stop takes precedence (i.e., the stop that generates the most losses). The precedence of stops is: Maximum Loss, Breakeven, Trailing, Profit, and Inactivity. For information on optimizing stops, see Optimizing Systems""""""""
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