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Precision Stop Indicator and Strategy for MultiCharts

If you require this item for a different platform please visit the product guide

The Precision Stop Trading system and indicator can be fully automated or used manually in MultiCharts and operates as a SAR type ( Stop and reverse )

It can also be used as indicator only in MultiCharts when used for manual trading and be set up for day trading or position trading


System introduction

The Precision Stop indicator and strategy has been tested extensively and proved itself to be ultra reliable and robust ( The video below shows this testing )
 
Precision Stop trading system follows the rules of trend following with losing trades cut quickly and winners left to run to ensure good MAR and lake ratios.

Precision Stop can achieve good risk v reward ratios and low draw downs when applied to suitable markets with trending attributes- Low periods of underwater.


Advanced features

Precision Stop has advanced volatility detection with three different time frames of "memory look back" to take the guess work out of trading.

Precision Stop can be set up correctly set up by a beginner or intermediate or expert trader using the simple user guide. The complex algorithm does all the hard work for you.

Precision Stop has a huge range of multiple settings for microscopic adjustment to fit different market data behaviour.

Precision Stop can be used as a fixed symmetrical percentage model if required, for example if the price moves 2% up from the low it will buy and 2% down from the high it will go short.

Under normal use the maximum and minimum percentage setting which can be used to restrict the algorithm from being too tight or too wide to suit user preferences.

Non-fractal in behavior. This is due to the large array of periods used in the volatility equation. It does not behave in the same was as a moving average when time frame is changed.


Standard features

Precision Stop has an accurate colour changing plot that provides at a glance position detection depending on colour

Precision Stop default use is as a stop and reverse model but can also for part of a team when used in combination, see the Precision Stop with Pi-Osc combo model here

Precision Stop can be used for position trading ( holding overnight ) or set to close trades at any time you specify if you are intra day trading

Precision Stop is fully optimizable so you can rigorously test all the settings for best performance.

Precision Stop works on any type of chart in the MultiCharts platform.


Technological advancements

Precision Stop has been completely re-programmed in efficient fast code to handle the high speed data of modern markets.

Precision Stop was converted to VB.Net for the purpose of creating an independent simulation unit for testing which is shown in the video below.

View license prices for Precision Stop for MultiCharts


Precision Stop is a trading system and indicator compatable with MultiCharts

The Precision Stop strategy shown below with a Multiple setting of 2 can catch some huge moves due to widening in high volatility

Precision adaptive volatility adjustment is dynamic with this trading system

Precision Stop has a complex volatility algoritm which is adaptive to local market conditions:

The shot below shows it does not tighten distance if volatility stays high, this helps it to learn how to reduce the chances of whipsaw trades.

Whipsaw reduction is a key element of this trading strategy.

 
Precision adaptive volatility detection is used in the Precision Stop trading systems
 
The Precision Stop strategy can be used for intra-day trading and set to prevent opening a new trade after the time specified by the user.

The default setting is POSITION = TRUE. Which means it will hold trades overnight.

If you set POSITION = FALSE it will close out the trades after the time you specify.

 
Precision stop is suitable for day trading futures and stocks with the position setting at false

Precision Stop Indicator and strategy in POSITION = TRUE mode runs naturally until the trend changes direction, then it reverses ( SAR mode)

Precision Stop Indicator and Strategy

Precision Stop below is set to a specified ENDTIME exit, so you can go about your business and know it will exit the trade when you told it to

Precision stop automatically closes out trades at the time you specified

Precision Stop Strategy was used in the video simulation below over a 10 year period on 70 stocks at once.

The results speak for themselves. 

Watch the cell marked as "W-Equity" where my mouse pointer starts. This is the equity of the model over the duration of the simulation.

Read the full article on how to test a trading strategy which shows the full glossary of trading terms used in backtesting a strategy correctly.






PRECISION STOP FOR MULTICHARTS FULL INSTRUCTIONS FOR OPERATION.

Precision Stop User guide is on this page which covers what all the setting are used for
 
 
View license prices for Precision Stop for MultiCharts
 
 

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About

Precision Trading Systems was founded in 2006 providing high quality indicators and trading systems for a wide range of markets and levels of experience.

Supporting NinjaTrader, Tradestation and MultiCharts.

 

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