Pyramidding trades with percentage profit

[Astro Boy]

Hi,

I'm after a bit more explanation to how the percentage profit is used with pyramidding trades. I'm using a stop entry of say yesterdays high + 3 cents and ( "TradeSim.EnableTradePyramiding",percentprofit, 3, 100);

If I enter on level 0 on say 1/1/2003 at 1.10
todays high being 1.12 so without the percentproft I would enter tomorrow at 1.15 (using trigger,3,100). If I were to implement percent proft would this mean the stock has to close above 1.13 below I can enter? or will it enter if the stop entry price is about 3% of the buy price???

Thanks

Astro

[David Samborsky]

"or will it enter if the stop entry price is about 3% of the buy price??? "

is the correct interpretation. To further clarify. You enter a trade using your EntryTrigger criteria, then you add a new position when ExitPrice exceeds EntryPrice by x%. As you enter a new trade(pyramid) your EntryPrice of the new level becomes the reference price when determining the profit gain. Therefore new positions or pyramids are added when ExitPrice exceeds the new EntryPrice by x%.

Similar description applies when the TRIGGER_TYPE=DollarProfits.

A more comprehensive description is outlined in document AN-3