Contact Downloads Site map
Instructions for the Precision stop for Tradestation and Multicharts.
Precision Stop for Tradestation and Multicharts instructions for use.
Importing into Tradestation
In Tradestation, open power editor and import the Precision stop indicator and the Precision stop signal for Tradestation.
(There are two extra functions required, called PrecisionNOISE and PrecisionVOLA which should verify automatically)
Importing into Multicharts
In Multicharts go to power language editor and import the Precision stop indicator and the Precision stop signal for Multicharts.
(There are two extra functions called PrecisionNOISE and PrecisionVOLA which need to be compiled manually before precision stop will function)
Multicharts set up and instructions
Tradestation set up and instructions
Make a visual observation of the points where Precision Stop changes from long to short, and then adjustments can be made as follows
You will also see the features MAXPERCENT and MINPERCENT
These are to prevent PS from going too tight to the price, or too far away from the price, and if you notice the stop is not getting tighter when reducing MULTIPLE values, you may like to try reducing MINPERCENT.
Once you have established settings that look approximately correct to suit your trading style, then you can add the Precision Stop SIGNAL.
Making sure you repeat the above procedures to set max number of bars the study will reference to “user specified “ 90 and all the relevant MULTIPLE, MAXPERCENT and MINPERCENT.
At this point you can choose POSITION to be true or false
Once you have decided on your time frames and parameters, you can then add commissions and slippage to the properties and begin optimizing to test the best parameters.
Note: The MULTIPLE setting is most sensitive to small changes, and huge differences to performance can be observed from small changes in this setting. Generally to get maximum efficiency it is best to first optimize a broad range of MULTIPLE values and then plot the results to see if you have a BELLCURVE shaped distribution of readings.
If you achieve this, then there is a good chance that the PS will work very well in the mid point of the BELLCURVE. If you do not see a bell curve distribution then experiment with different time frames of the market and different MULTIPLE settings. The final system you select to use should produce a nice smooth rising equity curve chart with low draw downs which are low relative to the profit achieved. If you have not produced a smooth rising equity curve, then you will likely not have the best results from PS in the modes selected.
See the tutorial video on this link http://www.precisiontradingsystems.com/Stop.htm
It is not always possible to achieve a suitable performance report when testing PS, and if you have the slightest doubt that the PS is not robust in the chosen market and timeframe then it is often best to select another market and/ or timeframe to test.
This is a trend following method, which will win handsomely in trending periods if set up correctly.
Finally, if you experience any difficulties in your application of this product, please drop me an email to email@example.com and will try to resolve your issue.
I wish you the best of success with your trading!
Coming soon very soon from Precision trading systems Two exciting new products.
I wish you a found new confidence in noise elimination and speed changing technology.
After months of hard work the 101 speed Moving Average that adjusts itself to fast and slow price action is ready for release.
This product is the most advanced commercially available moving average today. Comes in 3 versions from beginner to expert.
The strategy your broker will hate. It does very few trades and still locks onto all the major trends. Eliminating a huge of amount of whipsaw trades it contains
advanced settings to suit all levels of user. Can be made slower and faster with skew and delay functions as well as the usual length adjustments.
Allows asymmetric long short trading with different intensity for each.
Comes in 4 versions from beginner to expert
Home Site map Contact Downloads