Questions re the "built-in" trailing stop commands

May 21st, 2023, 11:58 PM

Hello to all... with "SetDollarTrailing", does anyone know if it's possible (a workaround?) to set a "floor" amount that must be reached before it gets activated - similar to the "SetPercentTrailing" command?

And speaking of "SetPercentTrailing", please consider this little example - I am trading the Dow emini (YM) and in my long position (1 contract) I currently have a MaxPositionProfit of say, $210 (ie. 42 points). Lets say I have a 10% trailing stop using SetPercentTrailing, this will set my stop at $21 below the high price point. So at $5 per point on the Dow Emini, this is $21 divided by 5, equals 4.2 points. Does the SetPercentTrailing command internally "round" this value up or down? In other words, will my stop be placed 4 points below the high, or 5 points below the high?

Thanks!
Shawn

May 27th, 2023, 05:43 PM

The easiest way to find the solution to these kind of questions is to try it and see what it does.

Add a few print statements to print the values of the various variables at the buy and sell points.

You can then try several variations quickly and find something that works the way you want.

Questions re the "built-in" trailing stop commands

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Questions re the "built-in" trailing stop commands