Set Loss Stop

[Tony]

David,

Could I suggest the inclusion of a Set Loss Stop function in TradeSim.
This function would operate in a similar manner to SetProfitStop, but would stop out the trade at specified loss %. A corresponding SetExitToLossStop would complement this function. I have tried to use SetProfit Stop with negative values, but without success.

Thanks,

Tony

[David Samborsky]

There is already a facility for stop losses.

You assign your stop to InitialStop which is passed to the RecordTrades as one of the parameters.

Then after the call to the Initialize function you have to call EnableProtectiveStop as in the following example.


EntryTrigger:=Ref(Cross(MACD(),Mov(MACD(),9,E)),-1);
EntryPrice := OPEN;
ExitTrigger := Ref(Cross(Mov(MACD(),9,E),MACD()),-1);
ExitPrice := CLOSE;

InitialStop:=Ref(C-20*ATR(10),-1);

ExtFml( "TradeSim.Initialize");

ExtFml( "TradeSim.EnableProtectiveStop",0 );

ExtFml( "TradeSim.RecordTrades",
"test" { MACD Crossover Test"}, { Trade Database Filename }
LONG, { Trade Position Type }
EntryTrigger, { Entry Trigger }
EntryPrice, { Entry Price }
InitialStop, { Optional Initial Stop }
ExitTrigger, { Exit Trigger }
ExitPrice, { Exit Price }
START); { Recorder Control }