ok, Thank you, I think I understood now but one question is still unanswered:
What would happen if both happened during the day and my trailing stop is %4. -the price went up more than %4 and -low more than 4%. It seems to me that I am going to experience gain every time although we cannot say for 100% what happened inside the bar. Thank you, Radek On Fri, Mar 20, 2009 at 12:58 PM, Radek Simcik <[email protected]> wrote: > Hi, > > could anybody explain to me how trailing stop works? I have below > setting in my system ( I short on open and exit the same day on > close): > > ApplyStop(stopTypeTrailing,stopModePercent,4 ,1); > SetOption ("ActivateStopsImmediately", True); > > in that case it seems to me that stop starts to trail to protect my > gain only if the gain is more than 4%. I thought that the trade would > be exited if price fell more than 4% below low. > > What would happen if both happened during the day: the price went up > more than %4 and low more than 4%. It seems to me that I am going to > experience gain every time although we cannot say for 100% what > happened inside the bar. > > Could somebody explain me how ApplyStop(stopTypeTrailing,3,4 ,1); > work? It gave me just unbelievable results. > > Thank you, > > Radek >
