Rank: Newbie
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Joined: 12/31/2005(UTC)
Posts: 2
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I use Richard Dales stopLongPyramid as my trailing stop. I am having trouble with the System Tester (MS 10) picking up the exit. It just closes at the last bar. I am using the Advanced Stop function:
ExtFml( "AdvancedStop.StageLong", Entry Condition, Initial Stop at Entry, Transition to breakeven/TPS, TPS, First Pyramid Condition, TPS at First Pyramid, Second Pyramid Condition, TPS at Second Pyramid)
and here is what I have:
ExtFml( "AdvancedStop.StageLong",open ,open-2*ATR(10) ,open+2*ATR(10) ,High-3.5*ATR(10) ,Close+4*ATR(10) ,High-3*ATR(10) ,Close+6*ATR(10) ,High-2.5*ATR(10 ))
I got the parameters from the StopLongPyramid indicator and instead of entryprice2 I just used the open (I also tried High) as my entry price.
Any input would be appreciated.
Thank you,
Dan
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Rank: Advanced Member
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Joined: 10/28/2004(UTC)
Posts: 3,111
Location: Perth, Western Australia
Was thanked: 16 time(s) in 16 post(s)
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The Advanced Stop function returns a price (plot it on a chart and see). The EST needs to evaluate an expression to make a true/false determination to exit the trade. Make a comparison of price versus the stop.
wabbit [:D]
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Rank: Newbie
Groups: Registered, Registered Users
Joined: 12/31/2005(UTC)
Posts: 2
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Thanks Wabbit,
Head slapping myself. I knew I was missing the obvious.
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