Help by implementing stop-loss strategy

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charlie_8

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Joined: 06 Apr 2011
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Topic: Help by implementing stop-loss strategy
Posted: 09 Aug 2011 at 11:24am

thank you maximo, you actually right about donchian channel :) i didnt think this way :D

maximo

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Posted: 09 Aug 2011 at 10:13am

Hi Charlie,

That indicator has been around for quite a while. It's known as the Donchian channel, which Richard Donchian so named. The turtles of Richard dennis reportedly used them.

[lineStyle=Solid; Target=Price]

n := input("Lookback periods",10,0);

hshift := input("Horizontal shift",0);

[color=steel blue]

hist(HHV(H,n),hshift);

[color=steel blue]

hist(LLV(L,n),hshift);

[linestyle=dotted]

hist(HHV(H,n) + LLV(L,n),hshift)/2;

Edited by maximo - 09 Aug 2011 at 10:14am

charlie_8

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Posted: 09 Aug 2011 at 8:28am

Dear forum memebers,

I would be glad if somebody could help me by writing a stop-loss strategy in bullscript. This strategy based on Nth bar lows for longs and Nth bar highs for shorts.

Short explanation: let us assume, that we took a long position on 3.1.2011. The up pivot bar is let say on 1.1.2001 (so we should have a posibility to decide witch day is our first day for stoploss - like ATR stoploss in Bullcharts). We want to place our stoploss on the level of the low of the pivot bar and then move it higher. We want to see our stop on the lowest low of let us say as example last 9 bars (should be adjustable).

maby maximo could help me?

Thank you

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charlie_8 Members Profile Send Private Message Find Members Posts Add to Buddy List Regular Joined: 06 Apr 2011 Posts: 21	Post Options Post Reply Quote charlie_8 Report Post Quote Reply Topic: Help by implementing stop-loss strategy Posted: 09 Aug 2011 at 11:24am
	thank you maximo, you actually right about donchian channel :) i didnt think this way :D

maximo Members Profile Send Private Message Find Members Posts Add to Buddy List BullCharts Guru Joined: 02 Sep 2006 Location: Australia Posts: 232	Post Options Post Reply Quote maximo Report Post Quote Reply Posted: 09 Aug 2011 at 10:13am
	Hi Charlie, That indicator has been around for quite a while. It's known as the Donchian channel, which Richard Donchian so named. The turtles of Richard dennis reportedly used them. [lineStyle=Solid; Target=Price] n := input("Lookback periods",10,0); hshift := input("Horizontal shift",0); [color=steel blue] hist(HHV(H,n),hshift); [color=steel blue] hist(LLV(L,n),hshift); [linestyle=dotted] hist(HHV(H,n) + LLV(L,n),hshift)/2; Edited by maximo - 09 Aug 2011 at 10:14am

charlie_8 Members Profile Send Private Message Find Members Posts Add to Buddy List Regular Joined: 06 Apr 2011 Posts: 21	Post Options Post Reply Quote charlie_8 Report Post Quote Reply Posted: 09 Aug 2011 at 8:28am
	Dear forum memebers, I would be glad if somebody could help me by writing a stop-loss strategy in bullscript. This strategy based on Nth bar lows for longs and Nth bar highs for shorts. Short explanation: let us assume, that we took a long position on 3.1.2011. The up pivot bar is let say on 1.1.2001 (so we should have a posibility to decide witch day is our first day for stoploss - like ATR stoploss in Bullcharts). We want to place our stoploss on the level of the low of the pivot bar and then move it higher. We want to see our stop on the lowest low of let us say as example last 9 bars (should be adjustable). maby maximo could help me? Thank you