Greg Winch Regular  Posts: 71 Joined: 1/21/2007 Location: Phoenix  User Profile | Mike, Thanks for your post regarding this particular type of stop. I have read it and your post(s) from 2007 with great enthusiasm. I realize as an EOD trader that I will need RT data to have my stop levels executed when I take my strategies live, but for backtesting purposes, don't you think OT could assume that if the high for a day was 25 and the low for a day was 23 that the price of 24 was traded sometime during the trading day? I think the theory I'm referring to is already possible with OT, in fact I think I'm using it to an extent. In a trade plan I am currently working on, I can enter a trade in the middle of the bar (or "intraday") by selecting the following in the Order block of the trade plan: For long trades, select Stop Market order, select Stop Units as Percent, select any number for Stop Quantity (I used 0.5), select Above High as Stop Offset and I select "good for day only". This gets me into trades when backtesting at precisely 0.5% above the high of the previous bar (day in my case). The key here is "Above High". It appears to only work on the previous previous bar's data. What I am looking for is above "High of previous 3 bars or HHV(3) in lieu of "Above High". I will further study your posts from 2007 for clues that I may implement to get my Trade Plan to work properly. By the way, thanks for the tips on coding my stop to plot, etc. I would appreciate any thoughts you or other Forum Users may have on this subject. Greg | |
