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Trailing Stoploss Long for Metastock

kaiji over 16 years ago Metastock

  • Rating:
    3 / 5 (Votes 2)
  • Tags:
    metastock, stop loss

Trailing stoploss below the price using percent not ATR or any other method.

Indicator / Formula

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{Credit goes to Christos Siannas with modifications by me}

PDay := Input("Day of Month" ,1,31,1);
PMonth := Input("Month" ,1,12,1);
PYear := Input("Year",1985,2010,2007);
PPercent := Input("Percent Below" ,1,40,25);
TM:=Input("PRICE:",0,15000,1);

TSE1 := BarsSince(DayOfMonth() = PDay AND Month() = PMonth AND Year() = PYear);
TSE2 := HighestSince(1,TSE1=0,C) ;
TSE3 := TSE2 - TSE2*PPercent/100;
TSE4:=HighestSince(1 ,TSE1 = 0,TSE3 );

If(TSE1=0,TM-(TM*PPercent/100),Max(TM-(TM*PPercent/100),TSE4));

3 comments

1. tjhailioe
about 16 years ago

thank you.please let me know, because I am a new user in metastock,is this explorer or EA or indicator. please help me, how to enter your formula in metastock.I already try to put in explorer and indicator builder ,but did not work. thank you for your help

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2. administrator
about 16 years ago

I no longer use Metastock so I can’t test it but this is an indicator and goes into the indicator builder. What sort of error did you get?

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3. tjhailioe
about 16 years ago
thank you

I already can put the formula at indicator builder.
I think I already know what the problem.
the problem I can not set the parameter.
that why line is not appear.
thank you very much for your kindness

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