Instructions for the Precision stop for MultiCharts.
Precision Stop for Multicharts instructions for use.
Importing into Multicharts
In Multicharts open up the power language editor and click on file, import read only then select the file I sent you
Precision stop indicator and the Precision stop signal for Multicharts.
(There are several functions which need to be complied. PrecisionStop2013MC (indicator), PrecisionStop2013MC(signal) PrecisionStop2013stanceMC (function) PrecisionStop2013MC(function) PrecisionNOISE and PrecisionVOLA which need to be compiled manually before precision stop will function.
Multicharts set up and instructions
Once you have decided approximate settings for the indicator you are add the signal.
Precision Stop Signal for Multicharts set up
Precision Stop Multiple settings
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 “ 80 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
If you get this error message it means either your license has expired or you are using it on a pc which is not registered to this product.
If you get this error message you have not input 80 into the max bars the study will reference box in properties tab.
If you cant get Precision Stop to exit trades at the specified time, you may have forgot to set position to FALSE in the inputs box
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 firstname.lastname@example.org and will try to resolve your issue.
I wish you the best of success with your trading!
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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
Precision Trading Systems is partnered with MultiCharts and part of the NinjaTrader Ecosystem
Precision Trading Systems is provider of the following
Precision Trading Systems is partnered with MultiCharts.
Precision Trading Systems is part of the NinjaTrader ecosystem.
Systems and Indicators for Tradestation, NinjaTrader and MultiCharts.
Top quality paid & FREE trading systems and indicators for most platforms
Members can receive some paid products completely FREE
Roger Medcalf is a vendor on the Tradestation App store
Roger Medcalf is a vendor of products of MetaTrader 4
Futures, Forex and Stock trading contain substantial risk and are
not for every investor. An
investor could potentially lose all or more of the initial
capital is money that can be lost without jeopardizing ones
financial security or lifestyle. Only
risk capital should be used for trading Only
those with sufficient risk capital should consider trading. Past
performance is not necessarily indicative of future results.
Futures, Forex and Stock trading contain substantial risk and are not for every investor.
An investor could potentially lose all or more of the initial investment.
Risk capital is money that can be lost without jeopardizing ones financial security or lifestyle.
Only risk capital should be used for trading
Only those with sufficient risk capital should consider trading.
Past performance is not necessarily indicative of future results.
|HYPOTHETICAL PERFORMANCE DISCLOSURE|
Hypothetical performance results have many inherent limitations, some of which are described below. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.
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