Hello
wondering if anyone has experimented trying to create own trailing stop in the system tester - based on more than one entry signal. Basically, instead of one of the preset options to trail by % or pts, if one requires a volatility based stop - only way to do this is to program oneself. With one entry signal - no problem - put the criteria for the entry signal as a variable in the exit long tab. The issue arises when there is more than one entry condition. For instance - a 20-day breakout signal, and then a 5 day breakout re-entry signal. It appears next to impossible to dictate to the system *which signal to trail the stop from* - it will always act on the most recent signal. Most of the time this is not a problem. The problem occurs if, for instance, a 20-day breakout signal acted as the entry point, with a signal to enter long. Lets say, price falls in the interim, but not by enough to trigger the trailing stop. Then, after falling, but before reaching the previous high-water mark, a new, 5-day breakout occurs. Even though the system will already be long, the condition in the exit long tab will cause the system to believe a new signal has occurred, and a new, lower, high for the trade will be generated - resulting in a looser trailing stop than originally. Curious if anyone else has encountered this issue - or if there are any threads anywhere I have missed that discusses this...!
wondering if anyone has experimented trying to create own trailing stop in the system tester - based on more than one entry signal. Basically, instead of one of the preset options to trail by % or pts, if one requires a volatility based stop - only way to do this is to program oneself. With one entry signal - no problem - put the criteria for the entry signal as a variable in the exit long tab. The issue arises when there is more than one entry condition. For instance - a 20-day breakout signal, and then a 5 day breakout re-entry signal. It appears next to impossible to dictate to the system *which signal to trail the stop from* - it will always act on the most recent signal. Most of the time this is not a problem. The problem occurs if, for instance, a 20-day breakout signal acted as the entry point, with a signal to enter long. Lets say, price falls in the interim, but not by enough to trigger the trailing stop. Then, after falling, but before reaching the previous high-water mark, a new, 5-day breakout occurs. Even though the system will already be long, the condition in the exit long tab will cause the system to believe a new signal has occurred, and a new, lower, high for the trade will be generated - resulting in a looser trailing stop than originally. Curious if anyone else has encountered this issue - or if there are any threads anywhere I have missed that discusses this...!
