THIS PRODUCT IS FOR TRADESTATION

System introduction

• Precision Stop has been tested extensively and proved itself to be ultra reliable  ( The video below shows conclusive evidence of this )

• Precision Stop follows the tried and tested rules of trend following with all the correct logic applied automatically.

• Precision Stop has high risk to reward ratios and lower draw downs than many other high performance trend following models.

Advanced features

• Precision Stop has advanced volatility detection with three different time frames of "memory look back" to take the guess work out of trading.

• Precision Stop contains a volatility formula which is unique and specifically designed for use with the algorithm of this model.

• Precision Stop has a huge range of multiple settings for microscopic adjustment to fit any data behaviour.

• Precision Stop can be used as a fixed percentage model if required.

Standard features

• Precision Stop has an accurate colour changing plot that provides at a glance position detection depending on colour

• Precision Stop default use is as a stop and reverse model

• Precision Stop can be used for position trading ( holding overnight ) or set to close trades at any time you specify if intra day trading

• Precision Stop is fully optimizable so you can rigorously test all the settings for best performance.

• Precision Stop works on any type of chart in the Tradestation platform.

Technological advancements

• Precision Stop has been completely re-programmed in efficient fast code to handle the high speed data of modern markets.

• Precision Stop was converted to VB.Net for the purpose of creating an independent simulation unit for testing which is shown in the video below.

Check out license prices and trials

Precision Stop below  can be used in auto trading and will close out your trades at whatever time you specify

Check out license prices and trials

The 11 minute video below shows a 10 year simulation of the Precision stop 2011 version on 70 UK stocks.

When I made this system originally, it was so effective in my initial testing that I could see it was worth putting in a huge amount of effort to establish the best settings for use.

Testing involved re-coding the system in VB.net and creating a stand alone simulation unit which monitored all the important ratios and produced an excel sheet with statistics. This task took many months of work to create, fortunately for you it can be watched in a video of just under 11 minutes long.

For best viewing please choose FULL SCREEN and HD 720 PIXELS or you will not see all the details.

After you watch the video you will see me click on Generate Excel report, this actual report is available to download for your own perusal.

The list of 70 stocks used is also available to download

If you have trouble viewing all the numbers when watching the video, try moving the slider bar back and forth a few times, the video will then become HD.

Precision Trading Stop Instructions for Tradestation

Read system statistics over 17 years of testing

 Video explanation and Glossary of terms

Additional clarification information

 As the test used closing prices for open high low close, it is not possible to extract the bid and ask prices. To get around this accurately there are two separate features added to give a realistic simulation.

Spread percent. If the system buys a stock which has a closing price of 100p and the spread percent is set to 1.5 this means it will view the data  ask 101.5 and book trades basis of that. The same happens when trades are closed out. So if the trade was opened and closed at the same 100p level it would sell at a price of 98.5p making a total deal cost of 3% per trade. Some stocks in the test have tight spread of less than 0.25% and others are wider up to 5% so this feature averages it out nicely.

Slippage factor. This additional feature makes the system testing even more stringent, as it then adds more costs to the equation. E.G if the intended entry price is the above 101.5 and the days high is 105 the simulation will book this trade at (101.5 + 105 ) / 2 making an entry level at 103.2

Software. Please note the VB.net software that generated this video simulation is not for sale to the public as it is my own proprietary software design.

Check out license prices and trials

FAQ for dummies

Question:

This product is too complicated for me to understand.

Have you got a simplified version for the regular average type traders? 

Answer:

I am making a points and percent model for beginners shortly.

Please see home page for release dates.

Albert says

Things should be made as simple as possible, but not simpler.

Albert Einstien.

Question:

Do you have instructions for the Precision Stop?

Answer:

Yes here--------->

INSTRUCTIONS

Precision Trading Stop Instructions for Tradestation

Question:

What does "Max underwater" as shown in the video mean? 

Answer:

There is a detailed glossary of terms ( above ) describing the video above.

Reading site pages generally helps understanding

Question:

Do your products work with the latest release of Tradestation 

Answer:

Yes anything later than 8.5 will work fine. ------>

IT WORKS WITH ALL VERSIONS OF

 Tradestation

Question:

Does Precision Stop work with Kagi, Renko and tick charts?

Answer:

Yes it works with any type of charts in MultiCharts ---->

It works fine on any charts in Tradestation

Question:

I wonder if you can tell me the best timeframes to use Precision Stop?

Answer:

As with most systems and indicators reliability of signals is improved with increases in data sampling frequencies.

E.G. A 15 minute chart would tend to give more reliable signals than a 1 minute chart and a daily chart would tend to be more reliable than 4 hourly chart.

Somewhere in all those different time frames is the optimal.

Looking for the holy grail?    Its turns out to be a stopwatch ---->

Question:

When will Precision Stop for Ninja Trader 7 be released.?

Answer:

Its been ready a while now, just needed to create the web pages for it.

It is ready now

Question:

How do I find my Tradestation customer details?

Answer:

Open MultiCharts, click on help, about, and your details are shown there. Please copy and paste this into your Paypal order when you purchase. 

Question:

I am getting this error message for the Precision Stop?

Tried to reference more than the number of bars specified by the signal

Answer:

As explained in the manual you need to set maxbarsback to 90

Precision Trading Stop Instructions for Tradestation

Things usually work better when you read the instructions--------->

On strategy properties increase maximum bars the

 study will reference to 90

This is clearly written in the instructions so you get a pie

Question:

What happens when my license expires?

Are there any obligations to me?

Answer:

You will get a notification message on your Tradestation platform showing the license has expired

You can renew your license if you wish but are not obligated to do so.

Nothing bad happens, it just stops working

Question:

I trade mostly on the 1 minute chart for the currencies 6E & 6A and was wondering if your indicator is practical and effective to use on a 1 minute time frame? I see you have some 5 minute FDAX screen shots on your site but most are 10 minutes charts and up.

Answer:

Yes it will work BUT...Its a well known phenomenon that selecting such short time frames in any system or indicator generally produces results that are detrimented by low cost to profit ratios. ( costs of dealing are the same, but profit potential is way less if you take profits in a few minutes )

 
Please note this is true for all systems, and not just mine. If you doubt my words, please find a 1 minute Forex system that has a 5 year rising equity curve and send it to me. I am sure you won't find one, you will only find the fake systems.

See my article on cost to profit ratios on my day trading page

High frequency roll off occurs both in loudspeakers and trading systems----->