I have been reading some information from Chuck LeBeau on various exits. Has anyone written code for Wealth Lab that would utilize some of his exit strategies - such as YO-YO and Chandelier?
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1. The Yo-Yo exit is a very simple one-liner:
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2. The Chandelier exit is included in Community.Components. The Extension can be downloaded from this site. Illustrated description with example code:
ChandelierStop
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Thanks.
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I am new to the Wealth Lab and I am testing the trial version of the software. I got a following error message when I tried to run the example code in the ChandelierStop mentioned above.
The error message is "error CS0246 @ (7, 7): The type or namespace name `Community` could not be found". I realized that I have to install Community.Components. How can I download and install Community.Components?
Thanks.
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Sorry, this code is not going to work w/o C.Components installed. On our position regarding extension downloads by trial users, please see this FAQ:
FAQ | Miscellaneous, Extensions > "I can't download an Extension: the site says Wealth-Lab extensions are available only to Wealth-Lab Version 6 customers".
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On the bright side, you can easily imitate it in Rule-based strategies. Simply add a "Sell (cover) at ATR based trailing stop" rule from the "Trailing stops" group. This is the same as Chandelier stop. If you're building a code-based strategy, click "Open code in new Strategy window" and reuse the resulting code in your strategy.
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So there is no difference between the Chandelier stop and the Trailing stop in this case.
Thanks,
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Like I said above. Apparently, Chandelier stop was requested first and "Trailing stop" was a later addition.
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Eugene,
I couldn't find "ATR based trailing stop". There is only a "dollar based Trailing stop" and a "percent based Trailing stop" under the "Trailing stops" group.
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Sorry but then you're out of luck. It's not included in the installation because it's part of
Community.Rules project (for customers only).
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Actually, a ready-made Chandelier exit can be found as the example of
ExitAtStop in the QuickRef (hit F11).
Or see below for another example of Chandelier stop doesn't require additional libraries:
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Great!
That works.
Thanks.
:)
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