Personally I think the stop loss should be part of the strategy. If you are looking for an "OMG Get me out because the sky is falling" type of stop loss, I think the idea would be to stop all trading on the strategy until human intervention.. which would probably be to restart the program.
Maybe we are already on the same page with this... I have no implementation advice for this. On Mon, Feb 22, 2010 at 1:23 PM, new_trader <[email protected]> wrote: > when implementing an own stop loss system for minimizing losses or > when closing a position via a trailing stop in a strategy to let the > profits run there is a little "problem": > the "money management" strategy says to close a position for whatever > reason and succesfully closes the position. The indicator > constellation of the strategy, for example in the sample SecondNature > strategy, will reopen a new position immediately, because the > indicators still have the constellation to open a position. > What would be our recommendation to "tell" the strategy that it should > forget the past and start calculating a new interesting position entry > from scratch? > > Thanks in advance for your help! > > -- > You received this message because you are subscribed to the Google Groups > "JBookTrader" group. > To post to this group, send email to [email protected]. > To unsubscribe from this group, send email to > [email protected]<jbooktrader%[email protected]> > . > For more options, visit this group at > http://groups.google.com/group/jbooktrader?hl=en. > > -- You received this message because you are subscribed to the Google Groups "JBookTrader" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/jbooktrader?hl=en.
