WON_Fanboy
1 posts
msg #157214
- Ignore WON_Fanboy
modified |
7/12/2021 9:54:11 PM
Calculator the stop loss and profit target levels of CANSLIM.
As well as the trade size based of the % risk of capital.
Variables to change:
* symlist(BILL,ZDGE) - Change to the symbols you want
* set{AccountSize, 60000} - Change the 60000 to your account size
* set{RiskPct, 0.01} - Change 0.01 to your % risk
* set{EntryLevel, Donchian Upper Band(20,0)} - Change (20,0) to suit the current base length
After the script is run, click on the charts and a window will open.
You will see the exact figure marked at the right hand side of the lines.
Here is the faithful original version with 7-8% SL and 20-25% TP.
Here is an simplified version with 7.5% SL and 22.5% TP.
|
Nobody
404 posts
msg #157222
- Ignore Nobody |
7/13/2021 4:24:29 PM
Thank you WON_Fanboy
|
nibor100
1,031 posts
msg #157227
- Ignore nibor100 |
7/14/2021 4:25:21 PM
A couple of chart related tips:
1. if you add the following sample line to his CanSlim filter you will be able to see the values for each graph data point by clicking the chart and slowly dragging it to the right, the number inside the box of the same color as the line will change for each day.
draw EntryLevel on plot price
2. If you don't want to edit the filter to change the symbol list before you look at the charts, you can just run the filter as is, bring up the chart, and type in a symbol name in the box at the top left and click on the word chart to the right of that box and the chart will change to your symbol and apply all of the filter criteria to that symbol's chart.
It occurred to me that this chart filter capability may be one of the primary reasons there are complexity limits on filters.....
Ed S.
|