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Worden Discussion Forum » Customer Training & Support » Ask a Trainer - TC2000 version 7 » Trailing Stop Sell condition in BackScanner

Trailing Stop Sell condition in BackScanner Rate this Topic:
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OptionusPrime
Posted : Wednesday, April 4, 2007 1:20:41 PM
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Joined: 10/7/2004
Posts: 25
 I don't have snag-it installed or I would send you a picture of the block diagram I created. What I am trying to do is create a sell condition for the backscaner application.

If my buy condition is satisfied (i.e. Assume Day 0) then
I want my initial trailing stop to be my entry day's low. If Day N's low is higher then current trailing stop low then replace the current with Day N's low and so on.
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Bruce_L
Posted : Wednesday, April 4, 2007 1:58:34 PM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
 Please download the attached .scond file to:

\My Documents\Blocks Files\Tool Parts\BackScan Conditions

Once downloaded, you should be able to select Add Condition | My Computer when adding a BackScan Condition to access it.

It is the Trailing Stop BackScan Condition from the Web Library with a Bar Low Block replacing the Bar High Block. The Percentage has been set to zero. It will Trigger an Exit when the Close is below the Highest Low. You could change the Close to something else if you prefer. You may wish to review the following:

Customizing with Properties
Your First 3 Block Diagrams

Attachments:
OptionusPrime21073.scond - 4 KB, downloaded 771 time(s).


-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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OptionusPrime
Posted : Friday, April 6, 2007 3:33:02 PM
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Joined: 10/7/2004
Posts: 25
 Thank you I have reverse engineered both examples and I am starting to see how to use the block player's formidable abilities. Is there a way to include what the current sell stop is so that when I drag a cursor over the buy and sell set-ups I can see what the actual value was?
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Bruce_L
Posted : Friday, April 6, 2007 3:35:53 PM


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Joined: 10/7/2004
Posts: 65,138
 I do not know of a way to do so.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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OptionusPrime
Posted : Friday, April 6, 2007 4:26:07 PM
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Joined: 10/7/2004
Posts: 25
 I have noticed that I can't select the Value Offsetter block that you have in one of the condition blocks you created. I can select Value at Series. How do i accomplish this?
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OptionusPrime
Posted : Friday, April 6, 2007 4:32:52 PM
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Joined: 10/7/2004
Posts: 25
 In fact I can't select a "Recent True" block either. Are these reserved and if so how do I access the functionality and definitions of them?
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Bruce_L
Posted : Friday, April 6, 2007 4:44:37 PM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
 The Value Offsetter Block has been replaced by the Bar Offset Block. The Recent True Block should be available. Right-click on a blank portion of a Block Diagram and select Select Block. Then type Recent True and select the only Block left.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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