Tuesday, March 31, 2009

TrailingStops



To use:
  • Add the indicator to the chart
  • Review parameters, fo a start turn General->"Debug: Plot Stops" = true, this will plot on the chart the stops
  • Notice the new On/Off button on the chart tool bar
  • Use the DOM or Chart Trader to create new order, make sure the entry order also has some stop loss and target, (make sure you are not using empty ATM)
  • Once you are in a position and button is "On" notice how the indicator move the stop order based on the trailing stop logic, it will never extend the stop, you can move the stop manually and the strategy will move ot back to the right place


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