Precision Stop Indicator and Strategy for MultiCharts
If you require this item for a different platform please visit the product guide
It can also be used as indicator only in MultiCharts when used for manual trading
and be set up for day trading or position trading
The Precision Stop Trading system and indicator can be fully automated or used manually in MultiCharts and operates as a SAR type ( Stop and reverse )
System introduction
The Precision Stop indicator and
strategy has been tested extensively and proved itself to be ultra reliable
and robust ( The video below shows this testing )
Precision Stop
trading system follows the rules of trend following with losing
trades cut quickly and winners left to run to ensure good MAR and
lake ratios.
Precision Stop can achieve good risk v reward ratios and low draw downs
when applied to suitable markets with trending attributes- Low
periods of underwater.
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 can
be set up correctly set up by a beginner or intermediate or expert
trader using the simple user guide. The complex algorithm does all
the hard work for you.
Precision Stop has a huge range of multiple settings for microscopic adjustment to fit different market data behaviour.
Precision Stop can be used as a fixed symmetrical percentage model if required,
for example if the price moves 2% up from the low it will buy and 2%
down from the high it will go short.
Under normal use the maximum and minimum percentage setting which can
be used to restrict the algorithm from being too tight or too wide
to suit user preferences.
Non-fractal in behavior. This is
due to the large array of periods used in the volatility equation.
It does not behave in the same was as a moving average when time
frame is changed.
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
but can also for part of a team when used in combination,
see the Precision Stop with Pi-Osc combo model
here
Precision Stop can be used for position trading ( holding overnight ) or set to close trades at any time you specify if
you are 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 MultiCharts 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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license prices for Precision Stop for MultiCharts
The Precision Stop strategy shown below with
a Multiple setting of 2 can catch some huge moves due to widening in high
volatility
Precision Stop has a complex volatility algoritm which is adaptive
to local market conditions:
The shot
below shows it does not tighten distance if volatility stays high, this
helps it to learn how to
reduce the chances of whipsaw trades.
Whipsaw reduction is a
key element of this trading strategy.
The Precision Stop strategy can be used for intra-day
trading and set to prevent opening a new trade after the time specified by the user.
The
default setting is POSITION = TRUE. Which means it will hold trades overnight.
If you set POSITION = FALSE it will close out the trades after the
time you specify.
Precision Stop Indicator and strategy in POSITION = TRUE mode runs
naturally until the trend changes direction, then it reverses ( SAR mode)
Precision Stop below is set to a specified ENDTIME exit, so you
can go about your business and know it will exit the trade when you
told it to
Precision Stop Strategy was used in the video simulation below over a
10 year period on 70 stocks at once.
The results speak for
themselves.
Watch the cell marked as "W-Equity" where my
mouse pointer starts. This is the equity of the model over the duration
of the simulation.
Read the full article on how to test a trading strategy which shows
the full glossary of trading terms used in backtesting a strategy
correctly.
PRECISION STOP FOR MULTICHARTS FULL
INSTRUCTIONS FOR OPERATION.
Precision Stop User guide is on this page which covers what all the
setting are used for
View
license prices for Precision Stop for MultiCharts
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Precision Trading Systems was founded in 2006
providing high quality indicators and trading systems for a wide range of
markets and levels of experience. Supporting NinjaTrader, Tradestation and
MultiCharts.
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