Hi again, i think we are almost there.

You got it, but let me be fussy:

-.The day when we change the stops is the day marked with vertical blue dot line (i think we agree on that)

-.I see in jun 1993 that market crosses over the maximum (just by milimiters) before fall down, so to be strick you would have to rise the stop to the minimum of april (0,41 aprox). Therefore a stop number 4 is missing in that place and the exit should be there.

Lets go with picture number 2. Here is when you get to the point.

The answer to this question is: it depends

Talking about candle march 2014: If market opens and prices goes up to the maximum the stop will be number 1 because we dont have yet the minimum of march, but if prices goes down after the opening and after touch its minimum goes up and crosses the máximum, the stop will be number two. It is always the lowest point the day of the break out.

I normally check this manually going to weekly charts but i know this is not possible to code, so we have to establish by default something. PRT doesn´t know what happends first, the minimum or the maximum.

If i had to choose, in order to set the rules… i would say… that the system has to take stop number 2.I think is easier to code find the lowest between two day including first and last bar. Don´t you think?

The results won´t be the same than doing manually but i promise that if this is the only difference will be a great work and really helpful.

cheers

But where is the problem?

You did it with 3 previous stops and the fourth one is the same reasoning. New maximum, you rise the stop.

i thought we almost got it. 🙁

cheers

Ok, lets go:

1. Dec 1990, new maximum, then stop in 0,11
2. January 1992 new maximum , then stop up to 0,23
3. Dec 1992, new maximum, then stop up to 0,3
4. Jun 1993, new maximum, then stop to 0,41

Every new maximum (vertical blue dot line) you look backwards to find the lowest value between the day of the break (vertical blue dot line) and the previous maximum (where the horizontal blue dot line begins).

Hi Tikitaka, great job, thank you very much. I got already more than i thought. However have seen things to tweak if you feel like:

a) Sometimes there is a low<low[1] but the stop is not risen. It is because in the same candle we got a high>high[1]. Examples Citigroup (feb1993), Sabadell (may2016), ENGI(jan2008), ESRX (may2015).

b) Sometimes systems stops, i don´t know why, maybe is database, my computer, tell me if happens to you. Examples: British American Tobacco (from 2010 doesn´t give signals and we have new maximums), Next (NTX)(from 2011), Royal Dutch Shell(from 2012), Sabmiller (SAB from 2012).

c) System buys when prices is >= historical maximun and it should be >. In fact i normally put a filter of some cents. Example: Standard Chartered(STAN) (nov 2010).

I don´t know if i am going too far but taking advantage of your kindness i would ask you if you can:

1.-Code it for short positions. Same logic but for going short.

2.-What do i have to add and where, if i want to raise the stop to the entryprice+1% when prices reach 10% of profit. Something like:

if longonmarket and high>=tradeprice*1,1 then
sell at tradeprice*1.01
else sell at exitprice stop

3.-Change 2000 cash into shares following this formula: Number of shares will be (Equity line*0,6%)/(Entryprice-Stopprice) and if the result multipied by the price of the stock is less than 1000 don´t buy. Equityline is 50.000 when we start and later what i have in the equity line or equity curve (the result of add to 50.000 previous trades).

I imagine you running away after this post and i understand. The thing is that i don´t know if what i am asking you is difficult or not. If it is going to take you long forget it please, you have already did enough.

In fact you can forget a), b) and c) if it takes you time and pay attention to what is more important to me: 1) then 2) and finally 3). (I believe point 3 is the most difficult one and is the less important to me).

already gratefull, cheers