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Jim Dean

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Posts: 1059

Joined: 10/11/2012
Location: L'ville, GA

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Subject : Max Loss Stop controls
Posted : 11/5/2012 5:33 PM
Post #21896

Please consider doing this ... I've used variants of it for YEARS and it works well across the board for both volatile and stable stocks, and both cheap and expensive stocks ...

THREE inputs:
1. percent of price defines an "equity" gap
2. ATR multiple defines a "volatility" gap
3. radio button or dropdown box selection re the two gaps ...
a. use the smallest gap of the two
b. use the largest gap of the two
c. use the average of the two gaps

This is extremely versatile ... it allows pure percent and pure ATR, or any reasonable mixture. And it's "smart" enough to work with virtually any type of instrument.
Deleting message 21896 : Max Loss Stop controls


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