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Maoxian Trading For Dummies With Trailing Stop
This adds a trailing stop to Maoxian's Trading For Dummies system. (One of) his trailing stop techniques is described in the very last paragraph of this page:
One simple way to trail a stop is to place it below the last "up" bar... an "up" bar is simply a bar with a higher high and a higher low than the previous bar.
| Direction | Rule Type | Rule Family | Line 1 | X / Line 2 |
| Long | Entry Rules | Line 1 is equal to Line 2 | VOLUME | MAX(VOLUME, 20) |
| Entry Rules | Line 1 is above Line 2 | Upper Bollinger Line (10, 2) | Upper Bollinger Line (50, 2) | |
| Entry Rules | Line 1 is falling | HIGH | ||
| Entry Rules | Line 1 is above Line 2 | CLOSE | EMA(20) | |
| Entry Rules | Line 1 is below X | Hours part of the bar's start date | 13 | |
| Entry Values | HIGH | |||
| Initial S/L Values | LOW | |||
| S/L Mgmt Rules #1 | Line 1 is rising | LOW | ||
| S/L Mgmt Rules #1 | Line 1 is rising | HIGH | ||
| S/L Mgmt Values #1 | LOW | |||
| T/P Mgmt Rules #1 | Line 1 is above X | Hours part of the bar's start date | 17 | |
| T/P Mgmt Values #1 | Exit At Market | |||
| Short | Entry Rules | Line 1 is equal to Line 2 | VOLUME | MAX(VOLUME, 20) |
| Entry Rules | Line 1 is below Line 2 | Lower Bollinger Line (10, 2) | Lower Bollinger Line (50, 2) | |
| Entry Rules | Line 1 is rising | LOW | ||
| Entry Rules | Line 1 is below Line 2 | CLOSE | EMA(20) | |
| Entry Rules | Line 1 is below X | Hours part of the bar's start date | 13 | |
| Entry Values | LOW | |||
| Initial S/L Values | HIGH | |||
| S/L Mgmt Rules #1 | Line 1 is falling | HIGH | ||
| S/L Mgmt Rules #1 | Line 1 is falling | LOW | ||
| S/L Mgmt Values #1 | HIGH | |||
| T/P Mgmt Rules #1 | Line 1 is above X | Hours part of the bar's start date | 17 | |
| T/P Mgmt Values #1 | Exit At Market |
Recent blog posts
- Mid July 2010 Update
- Start of June 2010 Update
- New Release: v3.0.2 - Copy, better error message, more options
- New Release: v3.0.1 - The Stabilise-ening
- Ah, The First Bug [Fixed in v3.0.1]
- New Release: v3.0.0 - The Rewrite
- Start of February 2010 Update
- End Of 2009 Update
- New Release: v2.0.10
- New Release: v2.0.9 - Free
Recent comments
- API
1 week 3 days ago - Just added this wiki entry to
2 weeks 3 days ago - Ok thanks for clarifying
2 weeks 3 days ago - First let me explain the
2 weeks 3 days ago - Hey Sharky
Just wondering
2 weeks 4 days ago - Thanks for the reply Sharky.
2 weeks 4 days ago - Hi Anthony, thanks for your
2 weeks 4 days ago - Or you can go with
4 weeks 6 days ago - Which version?
9 weeks 4 days ago - Same bug here
9 weeks 5 days ago

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