first up is the trading chart using end of day entry and exit to be realistic or worse case possibility...the current profit is 9.1c on a 4.1 c entry
now this is purely mechanical using the zero lag oscillator signals...As some may know I alsio believe in selling into the news particularly after gapping up and this while not strictly a TA edict would have increased the trading profits considerably....the last chart is using a a few stoploss calculations....the best or most obvious is the yellow lines shown ...they are the "chandlier" stops
they are based on retrace countbacks of average true ranges
( metastock formula is
Stop1:=If( PREV < L,
If(( H - 3*ATR(10) ) >= PREV,
( H - 3*ATR(10) ),
PREV),
( H - 3*ATR(10) ));
Stop2:=If( PREV < L,
If(( C - 2.5*ATR(10) ) >= PREV,
( C - 2.5*ATR(10) ),
PREV),
( C - 2.5*ATR(10) ));
StopLong:=If(Stop1>Stop2,Stop1,Stop2);
Stop1:=If( PREV > H,
If(( L + 3*ATR(10) ) <= PREV,
( L + 3*ATR(10) ),
PREV),
( L + 3*ATR(10) ));
Stop2:=If( PREV > H,
If(( C + 2.5*ATR(10) ) <= PREV,
( C + 2.5*ATR(10) ),
PREV),
( C + 2.5*ATR(10) ));
StopShort:=If(Stop1If(BarsSince(LBarsSince(H>Ref(StopShort,-1)),StopLong,StopShort);
....................
cheers...pleased to elaborate on any sensible questions,, as always criticism/cotributions very welcome...
creeps, page-102
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Open | High | Low | Value | Volume |
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---|---|---|
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1 | 5000 | 0.480 |
1 | 10000 | 0.475 |
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Price($) | Vol. | No. |
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0.495 | 1786 | 1 |
0.500 | 15000 | 1 |
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