Welcome Guest, please sign in to participate in a discussion. Search | Active Topics |

Worden Discussion Forum » General Discussions » Stock and Market Talk » Daryl Guppy's Countback Line

Daryl Guppy's Countback Line Rate this Topic:
Previous Topic · Next Topic Watch this topic · Print this topic ·
rwwoods
Posted : Friday, October 27, 2006 8:50:09 PM
Registered User
Joined: 9/14/2006
Posts: 11
 Is anyone using Daryl Guppy's Countback Line as a stop-loss method? If so, are you using the closing or low values, and how many countbacks are you using? Your evaluation of this stop-loss method would be appreciated.

Thanks, Richard
Back to top
diceman
Posted : Sunday, October 29, 2006 7:28:53 AM
Registered User
Joined: 1/28/2005
Posts: 6,049
 I have not used this method. From what I've seen. It looks
like a minlow for 3 bars. (for a long stop)

That would be a relatively fast stop. (frequent trading)

As long as your timeframe is short I think it would
be OK.

As a general rule of thumb I've had better results using the
low as a stop reference.(on other systems)

I would experiment starting with a lookback of 3 and on
very profitable positions (when your trade is more correct)
expanding the range. (3 to 4 then to 5 and so on)
I've found it best to let your winners run.

Thanks
diceman
Back to top
Users browsing this topic
Guest-1

Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.