StockFetcher Forums · Filter Exchange · Stop/profit stop idea help<< >>Post Follow-up
thorodin
13 posts
msg #123347
Ignore thorodin
modified
3/26/2015 10:44:48 AM

My idea is to manage a trade with the difference of the entry day's high and low:

Stop is today's (high -low)/2.
Example low = 100 high = 101
high - low = 1, Stop @ 100.5

Profit stop when price reaches 101 plus the whole day range 1 , in this case profit stop @ 102

Apologies for my crude way to explain.

What i would like is two columns to put in any filter saying Stop loss and profit stop based on the above.
I think it would be good business practice. Can some kind soul please help.

Kind Regards Thorodin





four
3,994 posts
msg #123363
Ignore four
modified
3/26/2015 6:51:56 PM

/*
Stop is today's (high -low)/2.
Example low = 100 high = 101
high - low = 1, Stop @ 100.5

Profit stop when price reaches 101 plus the whole day range 1 , in this case profit stop @ 102

What i would like is two columns to put in any filter saying Stop loss and profit stop based on the above.
I think it would be good business practice. Can some kind soul please help.

*/

Fetcher[
sp500

add column high
add column low
set{hilo, high - low } add column hilo
set{stopb, hilo / 2} add column stopb
set{stoploss, high + stopb}
add column stoploss

set{stopc, high + hilo} add column stopc
set{stopprofit, low + stopb}
draw stopprofit on plot stoploss and add column stopprofit
]






thorodin
13 posts
msg #123382
Ignore thorodin
3/28/2015 9:44:56 AM

Many thanks four, much appreciated.
Kind regards thorodin

miketranz
715 posts
msg #123430
Ignore miketranz
3/31/2015 9:24:44 PM

Manage your trade=Manage your money.If you're going to trade a "day range",you might as well start out with stocks that have the ability to move,open to close,the most distance or with the most volatility.Ck out the "Run Forest Run" filter.Also,higher priced stocks tend to move in larger point amounts.The key is to find a stock that travels the longest distance on a consistent basis.Why risk a half a point loss to capture a point or two gain? You want to maximize your gain,for a 3-5 point move.Trading is a numbers game.Good luck.....

StockFetcher Forums · Filter Exchange · Stop/profit stop idea help<< >>Post Follow-up

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