NexusFi: Find Your Edge


Home Menu

 





Placing a floor using fixed trailing stop


Discussion in EasyLanguage Programming

Updated
    1. trending_up 4,428 views
    2. thumb_up 4 thanks given
    3. group 1 followers
    1. forum 2 posts
    2. attach_file 0 attachments




 
Search this Thread

Placing a floor using fixed trailing stop

(login for full post details)
  #1 (permalink)
 RM99 
Austin, TX
 
Experience: Advanced
Platform: TradeStation
Trading: Futures
Posts: 839 since Mar 2011
Thanks Given: 124
Thanks Received: 704

I'm trying to place a floor amount (activation level) using a fixed trailing stop.

the setpercenttrailing feature allows this, but you have to use a percent based trail (that's variable based on the positionprofit amount and retracement).

I'd like to be able to set an activation level for the trail, but used a fixed trail (setdollartrailing).

If I use a statement like this...

If positionprofit > 100, then begin
setstopcontract;
setdollartrailing(100);
end;

It activates the floor fine, but if price barely moves above my activation level and then retraces, the if then is no longer valid and the trail goes away.

Any help?

"A dumb man never learns. A smart man learns from his own failure and success. But a wise man learns from the failure and success of others."
Started this thread Reply With Quote

Can you help answer these questions
from other members on NexusFi?
The space time continuum and the dynamics of a financial …
Emini and Emicro Index
Request for MACD with option to use different MAs for fa …
NinjaTrader
Trader Dale [email protected] or Scammer Dale
Trading Reviews and Vendors
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Tao te Trade: way of the WLD
30 thanks
Supertradersams Thread Journal on NQ/MNQ
25 thanks
Deaddogs Stock Trading
23 thanks
GFIs1 1 DAX trade per day journal
22 thanks
Daytrading ES & NQ
13 thanks

(login for full post details)
  #3 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Posts: 50,234 since Jun 2009
Thanks Given: 33,106
Thanks Received: 101,351


var:
flag1 (false);

if marketposition = 0 then flag1 = false;

if positionprofit > 100 then flag1 = true;

if flag1 then begin
setstopcontract;
setdollartrailing(100);
end;

Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor


For the best trading education, watch our webinars
Searching for trading reviews? Review this list


Lifetime Elite Membership: Sign-up for only $149 USD
Receive exclusive offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
The following 4 users say Thank You to Big Mike for this post:





Last Updated on July 13, 2011


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts