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Trade Plans
Dynamic Eights Stop Issue
10 replies, 2411 viewings
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OmniTrader Upgrade Forums
Trade Plans
Dynamic Eights Stop Issue
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Last Activity 1/2/2025 4:50 PM 10 replies, 2411 viewings |
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John J Veteran   Posts: 272 Joined: 8/3/2010 Location: Leduc, AB  User Profile |
I noticed some inconsistencies with the Dynamic Eights Stop that I have been testing in a 5M HA time frame (symbol ES). The profile has only one strat and TP (a Fixed Loss Stop in addition to the Dynamic Eights Stop). The attached screenshot shows three marked trades. All of them should have been stopped out by the Dynamic Eights Stop, but only the one in the middle was. Switching to a regular 5M time frame, the voteline shows a trade entered on September 28th that has yet to get stopped out (screenshot #2). The Dynamic Eights Stop is never activated here... [Edited by John J on 10/26/2017 12:01 PM]  Attached file : Capture.JPG (303KB - 907 downloads) Attached file : Capture2.JPG (299KB - 904 downloads) | |||
| Barry Cohen Sage   Posts: 6338 Joined: 1/19/2004 User Profile |
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| John J Veteran Posts: 272 Joined: 8/3/2010 Location: Leduc, AB User Profile |
See attached. Attached file : SS Heikin Ashi 2 RT2.ots (600KB - 330 downloads) Attached file : Dynamic Eights Stop.ott (96KB - 312 downloads) | |||
| Barry Cohen Sage Posts: 6338 Joined: 1/19/2004 User Profile |
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| John J Veteran Posts: 272 Joined: 8/3/2010 Location: Leduc, AB User Profile |
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| John J Veteran Posts: 272 Joined: 8/3/2010 Location: Leduc, AB User Profile |
Any news regarding this? As far as I'm concerned this is arguably the best stop routine found in the toolbox...as long as it's working properly obviously. [Edited by John J on 1/19/2018 2:59 PM] | |||
| John J Veteran Posts: 272 Joined: 8/3/2010 Location: Leduc, AB User Profile |
Was there any changes made to the Dynamic Eight TP since this was reported last fall? I took a look at it today and, in addition to the Dynamic Eight Stop, it now also contains an Omniscript that I'm pretty sure wasn't there before (see screenshot #1)? Anyhow, I ran some tests in a regular daily timeframe, and it is clearly not working as intended (see screenshot #2) [Edited by John J on 7/8/2018 1:30 AM] Attached file : Capture1.JPG (75KB - 648 downloads) Attached file : Capture2.JPG (249KB - 602 downloads) | |||
| Barry Cohen Sage Posts: 6338 Joined: 1/19/2004 User Profile |
Attached file : Eighths Stop.ott (92KB - 266 downloads) | |||
| John J Veteran Posts: 272 Joined: 8/3/2010 Location: Leduc, AB User Profile |
Up to this point I had no idea that the specific order of stop conditions in a TP made any difference? Was I ever wrong! When I initially posted this back last fall, I had the Dynamic Eights Stop placed first, and the Fixed Stop Loss placed second. I have just learned that you're going to get vastly different results if you do, which also answers my initial question in this thread. Barry, is this documented anywhere? [Edited by John J on 7/10/2018 9:59 PM] Attached file : Capture1.JPG (85KB - 490 downloads) Attached file : Capture2.JPG (63KB - 553 downloads) | |||
| Mel Veteran Posts: 291 Joined: 12/30/2003 Location: Kensington User Profile |
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| Barry Cohen Sage Posts: 6338 Joined: 1/19/2004 User Profile |
Where are you getting that information from? I'm not aware that there is anything different if the order of conditions is changed within a trade plan step. All stops are tested at the same time on the current trade plan step. When I use the Eights trade plan in a strategy, it gives me identical results if I swap the 2 stops. I think what you're seeing is probably because this TP doesnt' have "Copy Long Trade Plan" enabled by default. Try enabling that & retest. I think you'll find that swapping the order of the stops doesn't change anything. |
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