Support Board
Date/Time: Tue, 26 Nov 2024 14:43:19 +0000
Post From: Trailing Stop Loss - Attached Orders
| [2023-11-23 13:05:27] |
| User788984 - Posts: 31 |
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Thank you for that guidance. So, I studied the “trade management by order” references you suggested and I got stymied. If I simply used “attached orders”, my trailing stop is continuously adjusted throughout current bar periodicity. If I add study, “highest high ‘ lowest low” over x periods, I’m not sure how the attached orders will adjust my trailing stop. My goal is: on long trade entry, set trailing stop to “entry price” - (“x” percent * entry price). Maintain that stop order until close of bar. At close of bar, calculate prior bar’s HIGH - (“x” percent * HIGH) and if greater than existing stop price, make this value the new stop order. If not, then maintain existing stop order through current bar.
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