OmniTrader Archives
OmniTrader 2014 Technical Support
Trailing stop loss
2 replies, 1697 viewings
|
OmniTrader Archives
OmniTrader 2014 Technical Support
Trailing stop loss
|
Last Activity 5/29/2020 5:49 PM 2 replies, 1697 viewings |
|
|
|
| Printer friendly version |
BWH Member Posts: 5 Joined: 1/5/2013 Location: Sydney Australia  User Profile |
Why is a different result obtained with a different starting position as illustrated in the attached file, both stops settings are the same.  Attached file : BHP.PNG (48KB - 501 downloads) | ||
| Jim Dean Sage   Posts: 3022 Joined: 9/21/2006 Location: L'ville, GA User Profile |
Some specifics: 1. ATR is not based on the prior 14 bars only. It is based on Wilder's Smoothing, which is essentially a "slow EMA" ... and which uses an "infinite" series of bars that have exponentially reduced impact as you move farther back in time. Think of the 14 as a "slider control" rather than a specific number of bars. Wilder's-14 smoothing is roughly equivalent to EMA-30 smoothing. 2. OT's trailing profit stop is not based on the highest close, but rather (and somewhat oddly) on the highest of the lows. 3. The ATR "gap" differs depending on where the starting point of the trade is ... and that affects both the profit threshold (when the trailing logic kicks in), and the stop-gap-spacing itself. Hopefully that will give you a better feeling for what's going on. It may be that I've not understood your question ... the snapshot was not sufficiently annotated for me to really understand what you are comparing, or what you "expected" to happen. | ||
| BWH Member Posts: 5 Joined: 1/5/2013 Location: Sydney Australia User Profile |
It makes more sense now |
|
|
|
|
Administrator
Forum Moderator |
Registered User
Unregistered User |
 E-Mail this thread to a friend |
Toggle e-mail notification |
