Quote Originally Posted by mingpan.lam View Post
Hi Billy/Pascal,

Why we will would have a different stop level when we open a new position today when the short entry is the same as the existing opened position at 70.81?

Cheers,

Ellis

Magagement of an existing position
The 20DMF has been in NEUTRAL mode since the close of 9/6/2011.
The robot's current position is a SHORT that took place on 9/7/2011.
The short entry price was 70.81 and the current stop level is 75.06. Last close: 69.55

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Settings for a new position
These are the trade settings for the trading day that follows the 9/8/2011:
The short entry price is 70.81 and the stop level is 74.65
It is because the stop level is calculated as a function of volatility, which changes every day.
Higher volatility implies wider stops.


Pascal