Stop loss selection

[srinivas.nukala]

Here's an example.

http://www.fibonaccitrader.com/HELP/INDICATORS/ChandelierStop/chandelier_stop.htm

Thank you very much for providing this link ,but unfortunately the link is not getting opened on web.Kindly assist me

 

[NOMINDTR]

Can you kindly expand IMO

IMO = In My Opinion. IMO is an internet jargon

 

[srinivas.nukala]

Here's an example.

http://www.fibonaccitrader.com/HELP/INDICATORS/ChandelierStop/chandelier_stop.htm

kindly provide the following worksheet
Trailing Stops - The Chandelier stop loss calculator in excel format
thank you

 

[rohangawale]

Can you kindly expand IMO

IMO means In My Opinion.
Its shortcut.

 

[rohangawale]

IMO = In My Opinion. IMO is an internet jargon

Sorry Didnt seen that u already replied.

 

[Capricorn]

Thank you very much for providing this link ,but unfortunately the link is not getting opened on web.Kindly assist me

Chandelier Stop


The Chandelier Stop is a trailing stop that is based on the volatility of the market. It has been successfully used and recommended by a number of traders, including Chuck LeBeau, for trend-following systems. The equations for the Chandelier Stop (CS) indicator recently incorporated into the FT Program are as follows:

If Long: CS=HH-Factor*EMA(Range, Length)
If Short: CS=LL+Factor*EMA(Range,Length)

Here, HH denotes the highest High since the indicator flipped from Short to Long, LL is the lowest Low since the indicator flipped from Long to Short, and EMA represents an exponential moving average. Values of Factor and Length are input by the user, with the default values set to 3 and 20, respectively. When used for long-term, trend-following systems, the best values for Factor in most markets range from 2.5 to 4.0, while the Length is usually set in the range from 10 to 20. You should conduct parametric studies on Factor and Length to find the best values of these parameters for the particular market or issue you are trading.

 

[srinivas.nukala]

Chandelier Stop


The Chandelier Stop is a trailing stop that is based on the volatility of the market. It has been successfully used and recommended by a number of traders, including Chuck LeBeau, for trend-following systems. The equations for the Chandelier Stop (CS) indicator recently incorporated into the FT Program are as follows:

If Long: CS=HH-Factor*EMA(Range, Length)
If Short: CS=LL+Factor*EMA(Range,Length)

Here, HH denotes the highest High since the indicator flipped from Short to Long, LL is the lowest Low since the indicator flipped from Long to Short, and EMA represents an exponential moving average. Values of Factor and Length are input by the user, with the default values set to 3 and 20, respectively. When used for long-term, trend-following systems, the best values for Factor in most markets range from 2.5 to 4.0, while the Length is usually set in the range from 10 to 20. You should conduct parametric studies on Factor and Length to find the best values of these parameters for the particular market or issue you are trading.

Thank you sir for ur explanation
can you kindly provide the excel sheet or complete algorithm with which i can calculate the Chandelier Stop.

 

[srinivas.nukala]

CAN ANYONE TELL ME WHICH OF THE FOLLOWING WORKS BETTER WHILE SELECTING INITIAL STOP
1.INITIAL STOP=PURCHASE PRICE-2.5ATR
2.INITIAL STOP=PURCHASE PRICE-1.5ATR

IF I GO FOR FIRST ONE AND IF PRICE GO IN DOWNWARD DIRECTION I'LL MAKE A LOSS OF NEARLY 15% IN SINGLE TRADE.BUT I'M GIVING AMPLE TIME FOR STOCK TO RISE.
IF I GO FOR SECOND CASE I'M NOT GIVING ENOUGH TIME FOR STOCK TO RISE
Kindly advice me in this regard from ur experiences.
Thank you

 

[rajatheroyal]

put your stop below or above nearby supports or resistances.You can also use fibonacci levels for stoploss.

 

[srinivas.nukala]

put your stop below or above nearby supports or resistances.you can also use fibonacci levels for stoploss.

thank you for giving me this suggestion.
I use charts to identify supports and resistance levels
suppose if i find say 100/- as support level then where should i keep my stop?is it at 103/- or at 97/-?
Which one works better