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The Predicted Target Stop | |||
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ThomasHelget |
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Elite Posts: 473 Location: USA: NY, Baldwinsville | All: I came across this stop in OT while researching exits for a strategy I was considering. It would seem to fit in well with my project, but I have no clue what some of the indescript parameters are. I searched the Help...Contents file and came up empty. I also looked through several Plug-In manuals and came up dry. Does anyone have a clue of what the parameters are? Thanks, (Predicted Target.PNG) Attachments Predicted Target.PNG (56KB - 5 downloads) | ||
JimDean |
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Owner/Admin Posts: 3925 Location: USA: GA, Lawrenceville | Hi Tom I'm not sure and can't take time right now to research it but here is a guess. "Cycles" may refer to the range of pivots-ago that are being considered "All Cycles" is likely a toggle that overrides Cycles and checks all of them "Target Method" may be something like Min Avg Max of the pivots in range I suggest that you use the WT_ZZ function with the same inputs as the first two here, and create a Strat that is AllLongs (ABL as I recall), with nothing else but a FL stop plus the Profit Stop in question - and study a bunch of charts to see if the exit points correspond to prior pivot levels being crossed. Let us know. | ||
ThomasHelget |
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Elite Posts: 473 Location: USA: NY, Baldwinsville | Jim: Ah, I finally found it in the Dynamic Profit Module User Guide. Consult pages 25-26. • Pivot Sensitivity—Refers to how many ATR’s (Average True Range) price is from the last relative high or low. • ATR Periods—Refers to the number of bars used for the ATR calculation in Pivot Sensitivity. • Cycles—Refers to how many sub cycles will be used to calculate the Projection. • All Cycles—Determines whether to analyze all sub cycles (parameter value = 1) or directional sub cycles (parameter = 0). • Target Method—Defines which target method you will use. Fibonacci Retracements = 1, Tirone Levels = 2 and Fibonacci Extentsions = 3. • Target Number—Defines which target level you are using as your profit stop. For example, if you are using Fibonacci Retracements as your method, then 1=38%, 2=50% and 3=62%. • Contingency Level—Defines what level you will use for your contingency stop. (The type of contingency stop you will use (ATR’s, Percent or Points) is defined in the Units drop down below the parameters. - But since there is none I think we can assume ATR's as it is the first in the drop-down box and used throughout the stop so far.) There are three other stops associated with the module as well: Custom Target Stop, Ratio Loss Stop, and the Dynamic Eights Stop. Edited by ThomasHelget 7/4/2012 4:32 PM | ||
KeithParsons |
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Veteran Posts: 122 Location: S.Africa: , Umgeni Park, Durban | Hi Tom, I have searched my OT Products and dont see "Dynamic Profit Module User Guide". In my OTPro I dont have any manual relating to it. Kindly advise as to where one can find this. Apologies for any inconvenience -thanks. Keith Transferred by on 9/4/2012, Original Author: Thomas Helget - 7/4/2012, Original Title: The Predicted Target Stop | ||
JimDean |
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Owner/Admin Posts: 3925 Location: USA: GA, Lawrenceville | This is a plug-in, Keith. The manual is here: http://tradetight.org/forums/thread-view.asp?tid=640 | ||
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