Precision Stop Indicator and Strategy for Tradestation
If you require this item for a different platform please visit the product guide
It can also be used as indicator only when used in manual trading or for
fully automated day or position trading
The Precision Stop Trading System is a fully automated adaptive trading system which operates as a SAR type ( Stop and reverse )
System introduction
Precision Stop has been tested extensively and proved itself to be ultra reliable
and robust ( The video below shows conclusive evidence of this )
Precision Stop follows the tried and tested rules of trend following with all the correct logic applied automatically.
Precision Stop has high risk to reward ratios and lower draw downs than many other high performance trend following models.
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 contains a volatility formula which is unique and specifically designed for use with the algorithm of this model.
Precision Stop has a huge range of multiple settings for microscopic adjustment to fit any data behaviour.
Precision Stop can be used as a fixed percentage model if required.
There is a 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
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 Tradestation 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.
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license prices for Precision Stop for Tradestation
The Precision Stop strategy shown below with
a Multiple setting of 2 can catch some huge moves due to widening in high
volatility
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.
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 Indicator and strategy in POSITION = TRUE mode runs
naturally until the trend changes direction, then it reverses ( SAR mode)
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 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 TRADESTATION FULL
INSTRUCTIONS FOR OPERATION.
Precision Stop User guide is on this page which covers what all the
setting are used for
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license prices for Precision Stop for Tradestation
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The help and advice of customers is valuable to me. Have a suggestion? Send it in!The contact page here has my email address and you can search the site If you like what you see, feel free to SIGN UP to be notified of new products - articles - less than 10 emails a year and ZERO spam and ZERO hard selling AboutPrecision Trading Systems was founded in 2006 providing high quality indicators and trading systems for a wide range of markets and experience. Supporting NinjaTrader, Tradestation. MultiCharts, TradingView, MetaTrader 4 and MetaTrader 5
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Supporting NinjaTrader, Tradestation and MultiCharts.
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