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Jim Dean

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

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Subject : RE: Max Loss Stop controls
Posted : 11/6/2012 10:43 AM
Post #21918 - In reply to #21906

IMPORTANT ADDENDUM to the original post. I'm calling this the EVG (Equity &/or Volatility-Gap) Stop btw.

Please add a FOURTH input to the EVG that is a checkbox, so that the stop can be EITHER a FIXED level (horizontal line on the chart), or a TRAILING STOP ... ideally each of these would be set up in the final CloudVest world as StopMarket order types, but for now a crossover of the fixed or trailing line at the Close of the daily bar would be quite sufficient and helpful.

So, the list of FOUR inputs should be:

1. percent of price defines an "equity" gap

2. ATR multiple defines a "volatility" gap

3. radio buttons or checkbox spec of Trailing vs Fixed, using the starting Gap, and never letting the stop "retreat" (ie it "ratchets" in Trailing mode)

4. dropdown box or radio buttons 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


Also, please ref this thread re applying the EVG stop independently at the Account and Portfolio levels:
http://www.omnitrader.com/currentclients/omnivestforum/thread-view.asp?threadid=4009
... the Account level, for instance, might implement a FIXED loss version of EVG, and the Portfolio level might (optionally) implement a TRAILING version of EVG.

[Edited by Jim Dean on 11/6/2012 10:49 AM]

Deleting message 21918 : RE: Max Loss Stop controls


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