Trailing Stop - MetaStock Formula

For any person who has entered a trade of any type they would be well aware of the importance of knowing when to exit the trade.

One of the techniques used to determine your stop level is the trailing stop something that is simple in theory but much more difficult to follow in practise. To assist you with using the trailing stop method I have included the metastock formula below using the Average True Range of the stock to determine the maximum difference between the close the stop level:

Trailing Stop Formulapday:=Input("day of month", 1,31,1);
pmonth:= Input("Month", 1,12,1);
pyear:=Input("Year", 2000,2011,2010);
ATRmult:=Input("ATR mult", 1,20,7);

TSD1:=BarsSince(DayOfMonth()=PDay AND Month() = pMonth AND Year()=pyear);
TSD2:=HighestSince(1,TSD1=0,H);
TSD3:=TSD2-(ATRmult*ATR(15));

HighestSince(1,TSD1=1,TSD3)




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Dow Jones Stock Data - Free

Dear Traders,

I would like to thank you all for your support and feedback. I'm glad to be doing my part in bring free stock data to traders.

I'm currently developing a new feature to this website, with the aid of dropbox, a folder with all Dow Jones stock data where people can download one or all stocks. This will be updated weekly and free because market data should be free.

I will keep you all updated with it's release.

I also request feedback if anyone would like any other market data eg, New Zealand, Spanish, or Belgium markets.



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VIX indicator– Market Fear Indicator

The VIX –  Volatility S&P500 Index Options is the Volatility Index and shows the expect volatility within the US market for the next 30days.

• High Value (greater than 30) -  means the market is volatile.

• Low Vsalue (lower than 20) – means the market is charm.

As the majority of the world markets take their lead from the US Markets this is an important indicator for all traders to be aware of. 

In the example above we have the 12 month graph of the VIX to March 2015, The green indicates the days that the VIX close below 20, which indicate a charm market. 

To demonstrate the effectiveness and usefulness of the VIX indicator  we have graphed the 12 month VIX graph against the Australian All Orders for the same period.


What you can see in the graph below is that the Australian marker dropped as the VIX rose from a low of 15 to a high of 31, in October 2014. Then again from January to March we see the VIX drop from 24 to 14, while the Australian All Orders rose from 5,300 to 5,900.

In summary the VIX indicator is a useful tool when you really need to understand the general volatility of the market as. 

eBook - Technical Analysis Trading - Short Term Trends

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Stock Data Fetcher team is proud to present our first eBook.

Title Technical Analysis Trading - Short Term Trends we believe this is an excellent guide for people new to trading and new to reading charts. 

Interpreting trends and establishing your owner trading method is a critical part of your trading career this guide helps establish a fundamental knowledge of the short term trends in all markets.

MetaStock Formula - Trailing Stop - %

Knowing when to exit your stock position is an important part of any traders trading method. One strategy is to exit when the stock drops x% below the highest close since entering the trade.

Trailing Stop %- MetaStock Formula (Indicator Builder)
pday:=Input("day of month", 1,31,1);
pmonth:= Input("Month", 1,12,1);
pyear:=Input("Year", 2005,2015,2013);
ppercent:=Input("percentage fall", 1,20,5);
TSD1:=BarsSince(DayOfMonth()=PDay AND Month() = pMonth AND Year()=pyear);
TSD2:=HighestSince(1,TSD1=0,H);
TSD3:=TSD2-.01*ppercent*C;
HighestSince(1,TSD1=1,TSD3)

With this indicator you simple need to enter the date you entered the trade and your percentage.


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The Bull Case for BHP

Despite some managers lowering their exposure to the diversified miner others see it as contrarian value opportunity.

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MetaStock Formula - Trailing Stop - ATR

Knowing when to exit your stock position is an important part of any traders trading method. An alternative to the percentage method is the Average True Range (ATR) trailing stop.

Trailing Stop ATR - MetaStock Formula (Indicator Builder)

pday:=Input("day of month", 1,31,1);

pmonth:= Input("Month", 1,12,1);

pyear:=Input("Year", 2000,2015,2013);

ATRmult:=Input("ATR mult", 1,20,7);

TSD1:=BarsSince(DayOfMonth()=PDay AND Month() = pMonth AND Year()=pyear);

TSD2:=HighestSince(1,TSD1=0,H);

TSD3:=TSD2-(ATRmult*ATR(15));

HighestSince(1,TSD1=1,TSD3)

With this indicator you simple need to enter the date you entered the trade and your multiplier of the ATR.

MetaStock Trend Filter

This is my most recent trend filter I've been reviewing, its about as simple as they come and basic to read:

ColA
3 month trend with min 10% increase from 3 month close
(C>(Ref(C,-60))AND
C>(Ref(C,-40))AND
C>(Ref(C,-30))AND
C>(Ref(C,-20)))AND
C>(Ref(C,-60)*1.1)

ColB
Trend check - Stock hasn't closed below the close 20 period ago, for the last 20 periods
BarsSince(C<(Ref(C,-20)))

Filter
(colD AND colE)
AND colE>20

Trailing Stop Formula

All successful traders will tell you the same advice when they start to open up to you, that advice is protect your trading money. 

It might sound simple that without your trading money you wont be able to trade or make money. But people regularly trade until there capital is all gone. This does mean they are a bad trader or can't pick a good trade it simple means their risk management or capital protection is not in place.

To assist all traders, and specifically new trader, you are sharing our risk management formulas. Specially and trailing stop formula for percentage and trailing stop formula when use the average true range (ATR).

If you don't currently use a trailing stop method of risk management it is simple a way of altering your exit point when the stock price increases, if the stock price decrease, the exit point remains at the new level set from the stock high since you purchased.

To use these trailing stop formulas you need to enter the formulas below (in blue) into your metastock indicator builder, run the indicator and fill in the fields for the day you purchased the stock.

When testing the trailing stop formula enter a purchase date of a previous trade.

Trailing Stop Percentage %- MetaStock Formula (Indicator Builder)

pday:=Input("day of month", 1,31,1);
pmonth:= Input("Month", 1,12,1);
pyear:=Input("Year", 2005,2015,2014);
ppercent:=Input("percentage fall", 1,20,5);

TSD1:=BarsSince(DayOfMonth()=PDay AND Month() = pMonth AND Year()=pyear);
TSD2:=HighestSince(1,TSD1=0,H);
TSD3:=TSD2-.01*ppercent*C;

HighestSince(1,TSD1=1,TSD3)

Trailing Stop ATR - MetaStock Formula (Indicator Builder)

pday:=Input("day of month", 1,31,1);

pmonth:= Input("Month", 1,12,1);

pyear:=Input("Year", 2000,2015,2014);

ATRmult:=Input("ATR mult", 1,20,7);

TSD1:=BarsSince(DayOfMonth()=PDay AND Month() = pMonth AND Year()=pyear);

TSD2:=HighestSince(1,TSD1=0,H);

TSD3:=TSD2-(ATRmult*ATR(15));

HighestSince(1,TSD1=1,TSD3)

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Having access to all the world markets, end of day data, allow traders to adapt and change the markets you trade in without the need to pay another download fee is important in the border-less world we live in. We have conducted a review of different provider and have identified "Free End of Day Data - Stock Data Fetcher".

We see this as the perfect addition to a traders tool chest, coupled with Metastock, or similar and a CFD trading account like www.igmarkets.com.
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