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System Options Window


None - No stop will be used. TOP

By % of value  - - the stop is calculated on the entry price +/- a percentage of the entry price. If you bought a stock at 100 and you have By % of value 10, then if the price goes back to 90 the system will go flat (i.e. 100-10% = 90). TOP

By Ticks - you define how many ticks you will allow yourself to loose. For example, if you are long the S&P Futures (tick size is .10) and you have “By Ticks” = 20 then if the position looses 2 points then system will go flat (i.e. 20 x  .1 = 2).  TOP

Average range of - the program calculates the average range of “n” periods ago and then multiplies “n” periods by a percentage.  Lets assume that the average range of the last “n” periods is 10 and the percent is set to 90, the program will use the number 10 and multiply it by 90% which gives you 9.
If you use the option “From entry point” the program will add or subtract from the trade price the value 9 which will be your stop. For example, if you buy at 100 your stop will be 100 - 9 = 91.
If you use the option “From high/low” then the program will use the high or low of the bar from which the trade occurred. For example, if you bought at 100 on a bar that had a low of 99 then the stop is 99 - 9 = 90. If the option “Trailing” is selected then when a new bar opens this bar’s low will be used as the stop as long as it has a higher low then the previous bar. Using the previous example your stop was 90. If a new bar opens and that low is 98, the new stop would be 98 - 9 = 89.
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Previous Hi/Low of - here the stop will be the hi or low of  “n” periods ago.  If you select “trailing” then as a new higher low or lower high of n periods ago are formed then the stop will move to that value. TOP

Close all trades on the end of the day- the program will close all positions on the close of the last bar of the day (on intraday charts), if 'Reopen position on the next day’s open' is selected then the program will reopen the same position at the next day’s opening price. TOP

Do not show stop arrow on screen - the program displays a stop arrow on the screen to show where the stop is on the chart.  If you select this option the arrow will not be shown. TOP

 

None - No profit protection is used in the system.  TOP

By % of value  - the profit protection is calculated using the entry price +/- a percentage of the entry price. If you bought a stock at 100 and you have “By % of value” of 10, then if the price increases to 110 the system will go flat (i.e. 100+10%=110).
If you select the option 'Retracement from high profit' then when your profit protection point is reached the system will wait for a retracement of the same value to go flat. In the previous example your profit protection point is 110.  If the option 'Retracement from high profit' is selected and the value is set to 10% then when price retraces 10% from your profit protection point (i.e. 110) your system will go flat.  In this case, if prices fall to 109 the system will go flat (i.e. 110 – 10% = 109). If prices continue to increase without 1st touching the retracement from high profit point then the retracement is automatically recalculated using the new total profit.
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By Ticks - you define how many ticks you want to make. For example, if you are long the S&P Futures (tick size is .10) and you have “By Ticks” = 20 then if the position makes 2 points then system will go flat (i.e. 20 x  .1 = 2). The same 'Retracement from high profit' can be used here as on the “By % of value”.  TOP

Average range of - the program calculates the average range of “n” periods ago and then multiplies “n” periods by a percentage.  Lets assume that the average range of the last “n” periods is 10 and the percent is set to 90, the program will use the number 10 and multiply it by 90% which gives you 9.
If you use the option “From entry point” the program will add or subtract from the trade price the value 9 which will be your profit protection. For example, if you buy at 100 your profit protection will be 100 + 9 = 109.
If you use the option “From high/low” then the program will use the high or low of the bar from which the trade occurred.  For example, if you bought at 100 on a bar that had a high of 105 then the profit protection is 105 + 9 = 114.
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Do not show profit protection  arrow on screen - the program displays a profit protection arrow on the screen to show where the profit protection is on the chart.  If you select this option the arrow will not be shown. TOP

In the window above you can select the color you want for the bars and arrows that will appear on screen when the system is in use.
The paint bar check boxes will cause the bars to be painted using the color selected. For example, if the system happens to go long and the going long color is green then the price bars will turn green and stay green until the system reverses or goes flat. 


Show Stop/Profit Arrow Values - The value at which the system traded at will show on the screen along with the position arrows.  TOP

Use the security tab to password protect your system.
Without the password the user will not have access to the system’s parameters.
The 'System expires date' will make the system expire on a predetermined date.
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Copyright © 1996-2001 Fibonacci Trader. Last updated: April 23, 2014 All names mentioned in this document are trademarks or registered trademarks of their respective owners.