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Strategies & Market Trends : Let's Talk Technical Analyisis (TA)
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To: TechTrader42 who wrote (9)11/17/2001 8:54:16 PM
From: Chris  Read Replies (1) of 178
 
saw this on chatboards. dollar stops drawn on chart form
need to see if i can get this into mswin format

From: profitok <profitok@o...>
Date: Sat Nov 17, 2001 9:30 pm
Subject: Re: [RT] Re: Profit Taking


try the perfect stop
for ts2000
see the credit for writing it goes to:
{***************************************************************************
*****************
Title: Three day volatility StopLoss

Description: Three day volatility StopLoss increases the stoploss value
when 3-day volatility
increases above the 5 and 8 day volatility. Change in risk is
proportional to
the percent increase in volatility.

Written by: John Hall

History: Written 7/29/01

****************************************************************************
******************}

Inputs: price((H+L)/2), dollar_risk(500), PositionBasis(True);
variables: RiskCalc(0), OrderPrice(0), stoploss(0);

stoploss = dollar_risk;

If MarketPosition = 1 and PositionBasis Then Begin
If volatility(3) > volatility(3)[3] and volatility(3) > volatility(5) and
volatility(3) > volatility(8) then
stoploss = dollar_risk * (1 + ( volatility(3)/volatility(3)[3] ));

If volatility(3) < volatility(3)[3] and volatility(3) < volatility(5) and
volatility(3) < volatility(8) then
stoploss = dollar_risk * (1 - ( volatility(3)/volatility(3)[3] ));

RiskCalc = stoploss + Commission;

If BigPointValue <> 0 Then
OrderPrice = EntryPrice - (RiskCalc / BigPointValue);

ExitLong ("longX") Next Bar at OrderPrice Stop;
End;
If MarketPosition = -1 and PositionBasis Then Begin
If volatility(3) > volatility(3)[3] and volatility(3) > volatility(5) and
volatility(3) > volatility(8) then
stoploss = dollar_risk * (1 + ( volatility(3)/volatility(3)[3] ));

If volatility(3) < volatility(3)[3] and volatility(3) < volatility(5) and
volatility(3) < volatility(8) then
stoploss = dollar_risk * (1 - ( volatility(3)/volatility(3)[3] ));

RiskCalc = stoploss - Commission;

If BigPointValue <> 0 Then
OrderPrice = EntryPrice + (RiskCalc / BigPointValue);

ExitShort ("ShortX") Next Bar at OrderPrice Stop;
End;
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