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THIS PRODUCT IS FOR TRADESTATION

If you require something for a different version then please email me and I will make it for you.

Looking for a different platform? Please see the Product guide

 

© Roger Medcalf 2005 - 2017 ... You may not reprint text or images without permission

 

 Precision Stop System Indicator, Strategy ( Signal ) and Function 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.

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 Precision Stop System Indicator, Strategy ( Signal ) and Function for Tradestation 
Precision Stop here shows its worth. You can observe the high price at 330 produced a stop level at 240, however even though no new high was made during the long trade the complex algorithm detected a decrease in volatility and tightened up to 260 resulting in a better long exit and short entry price. 
Precision Stop below shown with multiple setting of 2 which allows wider stop distances to lock onto the major trends, potentially netting huge returns
Precision Stop below shows that the stop does not reduce its distance when it is not appropriate to do so.
Precision Stop below shown in day trading mode, user adjustable inputs for last trade time and exit time can be employed

 

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

 

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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

Open position profit The total profit on all open long and short positions
Max Loss The in running maximum peak to trough draw down possible on a day by day basis assuming all trades get stopped out
Risk The intended risk from entry price to stop on all open positions ( pre-set to 0.25 in the simulation video)
RPT (Risk per trade) Risk divided by Trade divisor, computes the risk of entry price to stop on each individual trade
Gearing used Total value of  longs and shorts divided by Working Equity E.G If W Equity = £20,000 and total value = £100,000 Gearing = 5
Highest Gearing The maximum gearing used during the run
% Underwater The total percentage of time that the equity line is not making a new peak
Highest Equity The highest value of W Equity achieved during the run
Net long-short EXP The value of exposure in the portfolio if net long or short E.G If long value = £10,000 ,short value = £20,000 then net short exp = £10,000
Starting Equity The initial starting capital used by the run
Closed Equity The profit - loss of all closed out trades + initial capital
W Equity The real time value of the portfolio
Risk variable 0.25 = 25% of the W Equity is used to compute Risk (Adjustments to this value make huge differences to performance)
Trades divisor The number is used to divide Risk variable to allocate correct deal size to each trade.
Max cost % per trade The maximum value of a trade must not exceed this value, this is for limiting huge trades when stop values are tight. (Safety)
Initial max trades pd The maximum number of trades the system will activate on the first day of the run
Max trades allowed The maximum number of trades the system is allowed to have open on any given day
Max gearing allowed The maximum gearing allowed in the run
Spread percent The run uses open high low close data, so bid ask must be estimated. If set to 1.5 then it indicates bid 98.5 ask 100.( 3% a RT )
Noise less than 1000 Unused filter in the video
Percent profit The real time percentage profit generated during the run.
Max draw down The largest peak to trough value on the run expressed as a percentage.
Long W/L ratio The ratio of number long wins / number long trades  (E.G 10 trades 6 wins = 60%)
Short W/L ratio The ratio of number short wins / number short losses
Total W/L ratio Both of the above ratios combined to give a system health reading in one number
Long R/Reward The ratio of average long wins /  long losing trades
Short R/Reward The ratio of average short wins /  short losing trades
Overall R/Reward The above two ratios combined
Pie chart display Shows the percentage balance of the portfolio in real time during the run. Notice the illusion of a spring pulling it back to long most of the time.
Max underwater The highest period between the account making a new peak.
Total long trades The number of completed long trades during the run
Total short trades The number of completed short trades during the run
Total trades Summation of the two numbers above
Long profit The value of the current open position long profit
Short profit The value of the current open position short profit
Display mode Basic display so as to be easily understood by the average trader
Open position P/L The value of the current open positions profit
Locked in profit The profit value locked in by the stops ( this assumes that the market will trade at the stop level ) See Slippage definition and footnotes
Capital employed The monetary value of all trades basis of their individual entry prices added up
Total working The monetary value of all trades basis of their individual bid ask prices added up
Slippage The amount of slippage applied to each trade. 50% indicates halfway point between the intended stop entry level and the worst price of the day
Long cost The cost of all open long trades when bought
Long value The value of all open long trades in real time
Short cost The cost of all open short trades when sold
Short value The value of all open short trades in real time
Indicator generator settings The settings applied to the Precision stop 2011. Multiplier = the multiplication factor applied, Min percent = minimum percent stop distance
The lower windows Show all the actual trades and their values in running.
Generate Excel report The generate report that goes with this video is available to download directly here on this page
   
 

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.

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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----->

 

 

 

 

Precision Trading Systems is provider of the following

 Introduction

 

 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

 

 

  Free to play Trading IQ Game with generous PRIZES  from our sponsors.

 

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FREE and paid Systems and Indicators for Tradestation MultiCharts, MetaTrader4  and NinjaTrader, detailed articles on trading systems, trend following, risk control analytics, optimization, optimal trade size formulas, online calculators, FREE to play Trading IQ Game with massive prizes from our two sponsors NinjaTrader and MultiCharts, tutorial videos, expert trader videos, no nonense content that does exactly as it is described...Time is running out... Credit availability is drying up....US National debt to be equal to 35% of the entire worlds GDP in 3 years....33% of all USA tax revenues will be required just to make the INTEREST PAYMENTS on the collosal national debt...... Eventually the US will have no option other than to print money or default on their debt repayments...... US Dollars will likely cease to be the reserve currency of the world........Stimulus is running out, the Federal reserve has fired all its bullets and the only options left are to print more money or to default on the debt payments.....The problem is infinitely worse than in 1929 due to the added problem of this huge government debt...... In 1929 the USA still had a positive trade surplus and a manufacturing based economy..... In 2011 the USA will have no such resources to fall back on........The two most likely scenarios are both likely to lead to disaster......Hyper-Inflation at 40%+ or Deflationary implosion....... Either of the two possibilities will lead to huge moves in the worlds financial markets........Trading of these massive moves could be the only way out..........Wise proffessional traders have already started building huge dollar short posistions in anticipation of the debacles to come.....Many people will suffer as a result of the irresponsible un-elected Federal reserve operatives..........Many more people will lose their homes......Millions of jobs will be lost......Those who are unprepared will become impoverished in ways that they could never imagine.....What is your strategy to trade these violent market trends?.........ARE YOU  READY?

Precision Trading Systems is partnered with MultiCharts and part of the NinjaTrader Ecosystem

 
  • Products are provided for both these platforms.
  • Our partners also sponsor the Trading IQ Game
  • Both these trading platforms are excellent

 

 

RISK DISCLOSURE

 

  • 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.

 

 

 

Precision Trading Stop Instructions for Tradestation

 

                                       

 

 

 

  

 

 

 

            

 

 

 

                                                         

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Read system statistics over 17 years of testing

 

Purchase Precision STOP indicator for Tradestation and Multicharts

 

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