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Trade Plans
Trailing Profit Stops
Last Activity 7/17/2018 10:46 AM
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Joined: 6/16/2007
Location: Devon UK

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Subject : Trailing Profit Stops
Posted : 1/25/2015 10:37 AM
Post #35099

Can anyone help me understand the arithmetic behind the calculation of trailing profit stops in an EOD system.

The symbol I am trying to follow has closed at all time highs on each of the last 3 trading sessions.

The most recent session the closing price was 39.99 and the ATR was 0.825
The previous session the closing price was 392.3 and the ATR was 0.828
The session before that the closing price was 38.26 and the ATR was 0.816

The ATR in the session the stock was purchased was 0.659 and in the session before that 0.638

The current TPS is 37.214

If I take 2x any of these ATR's and add it to the current TPS the result does not relate to any of the recent closing prices.

I am clearly misunderstanding something.

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