Support Board
Date/Time: Sun, 12 Jan 2025 15:15:30 +0000
Post From: Stops
| [2017-02-23 01:21:26] |
| User104854 - Posts: 457 |
|
I am trying to do the following and I can't seem to get there. In this scenario I'm trading 5 contracts with 2 targets. The first target has 3 contracts and the 2nd has 2. I wish to do the following: Initially use one stop for 5 contracts. When the first target is hit my stop automatically moves to break even for the remaining 2 contracts. Once the stop is at break even I want to trail the highs of the remaining bars (if I'm long) until either the 2nd target is hit or the stop is hit. I've used the 'move to break even for stop' using OCO Group Triggered for step 1 but it seems like in this case I'd need 2 stops initially. I can't figure out in step 2 how I could trail the highs of the bars. I currently use the Trade Management by Study to trail the highs but I'd like this to trigger automatically once my first target is hit (or an alternative to accomplish my overall plan). I basically want to automate the move to break even followed by this trailing stop approach. Alternatively I could live with just triggering the TMS study once my first target is hit. Is this possible? Thank you. |