Comments on: Are Breakeven Stops Worth The Effort?

By: Malcolm

Malcolm — Mon, 21 Mar 2022 21:43:42 +0000

In reply to Kevin. I have good success with them but I am a hyper scalper, with my trades only lasting seconds during the early morning high volatility 930-1015am.

By: Malcolm

Malcolm — Mon, 21 Mar 2022 21:37:21 +0000

In reply to ari. Where can I find this built in breakeven Stop? Thanks

By: Kevin Davey

Kevin Davey — Fri, 18 May 2018 20:48:15 +0000

In reply to Albert Hussman. Sorry you are having trouble! The code in the article must be placed in a strategy. If you put it in an indicator, paint bar, show me, etc. you will get that error message. Make sure it is in a strategy.

By: Albert Hussman

Albert Hussman — Wed, 16 May 2018 18:01:23 +0000

I downloaded your Breakeven Stops in TradeStation but get an error message:
“Position Information Function not allowed in a study”. I did this as an indicator and Strategy. What is wrong?

By: Kevin Davey

Kevin Davey — Mon, 14 May 2018 15:09:55 +0000

In reply to ari.

Thanks for the comment. I explain why I do not use breakeven stop keyword in the article (the modified code can do things breakeven keyword cannot do):

“This code can easily be modified to move from a breakeven stop to a stop with a small profit. It could also be modified so that the threshold is based on recent volatility, instead of a fixed dollar amount for the whole test period.”

By: ari

ari — Mon, 14 May 2018 14:48:12 +0000

In reply to ari. btw, forgot to add, just insert the @stops and targets strategy to strategy analysis, and status to on, modify inputs, and make sure your base strategy is on as well.

By: ari

ari — Mon, 14 May 2018 14:45:14 +0000

am i mistaken? but using the built in breakeven stop that comes with @stops and targets strategy, will work. Just set your floor amount, to any amount of profit, then proceed from there. You can optimize the floor as well. So what’s the point of inserting this code?

By: Kevin

Kevin — Thu, 05 Feb 2015 20:06:30 +0000

In reply to Marco. Thanks Marco!

By: Marco

Marco — Thu, 05 Feb 2015 18:45:21 +0000

You are right Kevin, we all should focus more on this topic. I agree with you all.
I think the secret is in keeping a consistent approach, if you use breakeven stops, use them always. If you don’t, just avoid them. A mixed approach can lead to bad luck, and you end doing all the times the wrong thing.

https://nightlypatterns.wordpress.com

By: Kevin

Kevin — Thu, 05 Feb 2015 14:49:51 +0000

In reply to AB88. Thanks for the comment! I will have to look at b/e stops in some of my mean reversion strategies. Thanks!