SetProfitStop

[mcdirt]

David, I don't believe in taking arbitary profits like the use of this function would encourage. I would however like to limit losses so a reverse of this function ie SetLossStop or allowing SetProfitStop to take -ve parametrers would be appealing.

[David Samborsky]

You mean a profit retracement stop?

You could also incorporate a protective stop with the profit stop as well which would give you the protection on the down side.

[mcdirt]

No, I meant from the entry price to limit losses, like a hard dollar stop. I normally use a variable based on a Moving Average for my exit and have found that using the "EnableProtectiveStop" function doesn't improve results. Perhaps the InitialStop function could be used for this as you have outlined in answer to another question - I'll need to read the pdf on this.

I'm manually trying to ascertain what the MAE might be then figure out how to provide a stop to reduce any outliers.

By chance will TradeSim Special Edition track Open Equity, allowing MAE to be ascertained?

[mcdirt]

Can't use IntialStop in this manner 'cause I use %Risk position sizing and I don't want to change the basis on which that is calculated.