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Date/Time: Thu, 16 Jan 2025 11:11:56 +0000



Auto-trail a stop in relation to a exponential moving average

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[2017-11-01 14:39:03]
User836691 - Posts: 5
Hello,

I am wondering how i can achieve the following trailing stop idea. I want to auto trail my stop in sync with the moving average, say 3-4 ticks above the moving average. How can I automate this?

So for example, if I enter short, after I see that the trade is seeming to work out, I want to turn on my auto trail stop, such that it auto trails a moving average i have, and the stop always remains 3-4 ticks above the moving average, and eventually when price crosses the moving average and 3-4 ticks after crossing, it would take my stop out.

Thank you,
John Wood
[2017-11-01 18:02:12]
Sierra Chart Engineering - Posts: 104368
This can be done with this study:
Attached Orders: Study Controlled Targets and Stops
Sierra Chart Support - Engineering Level

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