Trailing Stop

   Hi
just wondering if anyone can confirm the setup for a trailing stop-loss using TradeSim ? Alot of the reference in the Manual is regarding Metastock, but slowly getting there and does include reference to trailing stops..
I am not sure if It can be done on the stops tab [diagram below] ? or does it have to be scripted ???  Any help would be much appreciated.
cheers etrader

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etrader Members Profile Send Private Message Find Members Posts Add to Buddy List Regular Joined: 18 Dec 2004 Posts: 63	Post Options Post Reply Quote etrader Report Post Quote Reply Topic: Trailing Stop Posted: 26 Apr 2005 at 4:27pm
	Hi just wondering if anyone can confirm the setup for a trailing stop-loss using TradeSim ? Alot of the reference in the Manual is regarding Metastock, but slowly getting there and does include reference to trailing stops.. I am not sure if It can be done on the stops tab [diagram below] ? or does it have to be scripted ??? Any help would be much appreciated. cheers etrader

etrader Members Profile Send Private Message Find Members Posts Add to Buddy List Regular Joined: 18 Dec 2004 Posts: 63	Post Options Post Reply Quote etrader Report Post Quote Reply Posted: 28 Apr 2005 at 12:46pm
	an addition, here is the link to trailing stop info for tradesim. http://www.compuvision.com.au/Downloads/AN2%20-%20Trailing%2 0Stops.pdf will this be added ??

pipsqueek Members Profile Send Private Message Find Members Posts Add to Buddy List Regular Joined: 03 Jan 2005 Location: Australia Posts: 34	Post Options Post Reply Quote pipsqueek Report Post Quote Reply Posted: 30 Apr 2005 at 3:31pm

	failing to plan is planning to fail.

pipsqueek Members Profile Send Private Message Find Members Posts Add to Buddy List Regular Joined: 03 Jan 2005 Location: Australia Posts: 34	Post Options Post Reply Quote pipsqueek Report Post Quote Reply Posted: 02 May 2005 at 8:18pm
	Hi there etrader... Sorry about the empty reply. I've had trouble with my spyware (now disabled). I hope this post comes through. Anyway ... have you thought of using the volatility stop that is already in the Bullcharts Indicators under the name "Volatility Trailing Stop"? hhv(C-2*ATR(10),15); YOu could use this as a stop and/or an exit. You could also plot this on your charts to visually check how the stop works. You could also copy the indicator, rename it and then fiddle around with the 2, 5 and 10 to see if there is another combination that suits you better. You could also add a few input statements to your copied indicator to make the fiddling easier.
	failing to plan is planning to fail.

etrader Members Profile Send Private Message Find Members Posts Add to Buddy List Regular Joined: 18 Dec 2004 Posts: 63	Post Options Post Reply Quote etrader Report Post Quote Reply Posted: 03 May 2005 at 7:30pm
	thx pipsqueek, will give a try, never thought of doing that, not good with the programming side !

Peter Members Profile Send Private Message Find Members Posts Visit Members Homepage Add to Buddy List BullCharts Staff Joined: 09 Sep 2004 Location: Australia Posts: 241	Post Options Post Reply Quote Peter Report Post Quote Reply Posted: 18 May 2005 at 3:55pm
	Hi, Etrader, the formula you're showing above has the script entered in as the Initial Stop. This may not be what you're after as TradeSim only calculates the InitialStop on the day of entry, whereas a trailing stop typically changes over the duration of the position. So, you need to add the trailing stop into your exit criteria on the exit tab. If you have other criteria as well you will need to turn off "match all" or use BullScript for your exit criteria. (You can also make criteria based on the markers for things like the JB Simple Stop Loss indicator, etc)