StockFetcher Forums · General Discussion · trailing stop<< >>Post Follow-up
15 posts
msg #91862
Ignore jmp23834
4/30/2010 7:31:43 PM

I need help with plotting a trailing stop. I want to trail a 3 dollar stop starting with the day I buy. Here are the 2 things I can't figure out.

1. How do I capture the price on the day I enter an item in the watch list? Date Added.
2. How do I plot the stop if it goes up but keep it the same if it goes down.

2,025 posts
msg #91865
Ignore alf44
4/30/2010 8:20:06 PM

Not exactly what you asked for ... but ...

... jmp23834 meet Parabolic SAR ... Parabolic SAR meet jmp23834 !!!

click here ---> Parabolic SAR

15 posts
msg #91972
Ignore jmp23834
5/3/2010 9:54:00 AM

Let me clarify what I am trying to do.

1. I have a watch list of stocks I am holding
2. Here is the filter pseudo code.

show stocks apply to watchlist(Active)

set{Initial _ATR, ATR(10) on Date Added} Date Added is in watch list
set{ATR_Mult, Initial_ATR * 3}
set{High_Price, Highest High since Date Added}
set{stop,High_Price - ATR_Mult}
draw stop on plot close

This should create a trailing stop very similar to the PSAR except the stop starts on the date I add the stock to the watch list and there is no accelerator.

12,036 posts
msg #91979
Ignore johnpaulca
5/3/2010 10:46:38 AM

There have been three major trading studies done that come to the conclusion....that good exits make a random entry system profitable.

15 posts
msg #91980
Ignore jmp23834
5/3/2010 11:13:57 AM

JohnPaul, does that mean you like the exit?

StockFetcher Forums · General Discussion · trailing stop<< >>Post Follow-up

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