Support Board
Date/Time: Wed, 27 Nov 2024 21:10:20 +0000
Post From: how to create automated Exit which is based on my Stoploss
| [2022-07-04 10:06:56] |
| artmaan - Posts: 26 |
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thank you for your reply. You could calculate the stoploss and target in two Formula Columns, and then use two instances of the Trade Management by Study study to move them where you want.
i am not sure about this, because how i can calculate my stoploss before the trade if its not static every trade, i mean i move the SL below/above my entry bar. i think i could display my stoploss if i could reference the stop order in the spreadsheet, similar to j96 but for my stop order and not the target. then i could calculate my TP from this and have trade management study move my TP. If you want to manually move the stoploss, and have the TP follow at 2x, you'd have to enter a value or offset in a spreadsheet cell, then formulas could reference that cell, and the Trade Management by Study studies would move the TP and SL.
i think this would work if my SL would be static every trade but since i move my stop order below/above the signalbar, my offset setting should also change every trade. i am trading a fast moving tick chart and want to minimise my manual adjustments on the chart, thats why i try to automatic move my TP based on my SL setting. i think all i need is the price value of the current active stop order in the spreadsheet, similar to j96, but for my stop order. is there a way to show the stop order price in the spreadsheet or is there a study which shows the values of current active attached orders? (similar to study: Trading:Position Average Price , but for my attached orders? is this doable in spreadsheet or do i need to focus on ACSIL? thank you |