Befriend the Trend Trading Message Board

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Strategies & Market Trends : Befriend the Trend Trading

SPY 659.00

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Nov 21 4:00 PM EST

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To: xcr600 who wrote (6668)	4/24/2000 11:44:00 PM
From: Dr. Stoxx	Read Replies (1) of 39683

Here's the formula: Stop(tomorrow) = Stop(today) + AF x (EP - Stop[today]) Where: Stop(today) = current stop Stop (tomorrow) = stop for the next trading day EP = extreme price...or the highest high reached during a long trade; lowest low reached during a short trade AF = acceleration factor, which begins on day 1 at 2% (0.02), and increases by 2% at each new high/low reached during the trade, up to a maximum of 20% (0.2). But: how is the current stop set?

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