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aztrix

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Posts: 116

Joined: 6/16/2004
Location: Sydney, NSW, Australia

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Subject : RE: Bug: G-TCBL (Guppy Trailing Count Back Line) S
Posted : 4/27/2022 5:52 AM
Post #48653 - In reply to #48648

Why aren't the CBL indicator & the CBL Trailing stop identical? I can't for the life of me see why not?

According to Daryl Guppy's rules, https://www.guppytraders.com/cbl-info
RULES:
This is an end of day technique, so act only when there is a close below the count back line (Long side trading)

Use as a stand alone indicator as a protect capital stop loss.




In the attached screenshot:
1. The exit level is 450.06
2. Exit at 452.92
3. Close at 452.92

The trade exited with the close well above the exit level, this is a bug irrespective of order types, which IMNSHO will only determine whether the exit occurs on the current bar (MO or MOC) or the next bar (MOO)

I've written about this previously, so please correct me if my understanding is wrong: https://www.omnitrader.com/currentclients/proforum/thread-view.asp?threadid=8031

_________________________________________________________________________________________________

4. Back to my first question and an example of where there is a discrepancy between the exit and indicator

I've plotted the stop in red and the indicator in pink to differentiate their differences as they overlay each other

In the bottom righthand corner of the big box there is a discrepancy between the exit and indicator. The exit should have moved up to 443.71 instead of remaining at 440.68, this is another bug


[Edited by aztrix on 4/27/2022 6:03 AM]

Attached file : OT22 - G-TCBL Exit Details.png (102KB - 276 downloads)

Deleting message 48653 : RE: Bug: G-TCBL (Guppy Trailing Count Back Line) S


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