I want to simplify my life, believe me. I'm having a bit of difficulty
following what you're saying to do. Here is some sample code, just in case I'm
not being clear:
Buy = Cross(StochFinal,Trigger) AND (EMA( Close,EMAShort ) > EMA( Close,EMALong
));
Sell = Cross(Trigger,StochFinal) AND (EMA( Close,EMAShort ) < EMA(
Close,EMALong ));
Plot( EMA ( Close,2 ),"Short EMA", colorGreen, styleThick );
Plot( EMA ( Close,10 ),"Long EMA", colorRed, styleThick );
Plot( StochFinal ,"Period", colorGreen, styleThick );
/* max loss stop optimization */
ApplyStop(stopTypeLoss,
stopModePercent,
Optimize( "max. loss stop level", 2, 2, 10, 2 ),
2,
False );
What do I need to do to make sure:
1. All buys and sells are done as CLOSE+1 (I only use EOD data for mutual
funds).
2. Make sure stops are triggered based on the purchase price, not the price on
the -1 signal date.
Right now, under settings, I have Buys and Sells set to CLOSE +1.
Thanks!
--- In [email protected], "Mike" <sfclimb...@...> wrote:
>
> Hi,
>
> Since you are trading the Close, you could simplify your life by following
> one of the well defined scenarios from the ApplyStop documentation:
>
> http://www.amibroker.com/guide/afl/afl_view.php?id=20
>
> In your case, follow scenario 2 and take your trades based on yesterday's
> signal.
>
> e.g.
>
> SetTradeDelays(0, 0, 0, 0);
>
> Trigger = ...;
> Buy = Ref(Trigger, -1);
> BuyPrice = Close;
>
> Your signal still shows up Monday night. But, you don't act on it until
> Tuesday Close. That's what you're doing in real life anyway, so just make
> your code show the same.
>
> Mike
>
> --- In [email protected], "graphman27" <steve@> wrote:
> >
> > Question: When stops are coded afl instead of setup under settings, do
> > they disregard the system settings for Buy Price and Buy Delay?
> > Currently, I have the latter set to Buy Price = Close+1 Day Buy Delay. For
> > a new strategy I am working on, I notice that during live testing something
> > doesn't jive. Here is an example...
> >
> > Note: I always use EOD data and CLOSE +1, to get "tradable" signals for
> > mutual funds and indices:
> >
> > Monday Night: Formula gave buy signal for Emerging Markets after the
> > close. With CLOSE+1 Day delay, that would mean buy at Tuesday's Close.
> >
> > Tuesday Night: Max Loss Stop is triggered because of a -3.5% drop in the
> > Emerging Markets on Tuesday.
> >
> > Wednesday at the close, mutual fund is sold.
> >
> > Question: How could a Max Loss Stop be triggered if that fund wasn't
> > purchased until AFTER Tuesday's big drop? Since it was purchased AFTER the
> > drop, there was no loss of -3.5% going into Wednesday.
> >
> > Here is an example of a typical mutual fund compatible coded stop:
> >
> > ApplyStop(stopTypeLoss,
> > stopModePercent,
> > Optimize( "max. loss stop level", 2, 2, 10, 2 ),
> > False );
> >
> > Do I have to code something else to make sure the STOP is triggered based
> > on the CLOSE+1 purchase price and NOT the BUY SIGNAL Price? Or, do I need
> > to code the Buys and Sells inside the formula as CLOSE+1 instead of relying
> > on system settings? OR, none of the above?
> >
> > Thanks in advance for your help, as usual!
> >
> > Steve.
> >
>
