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Savannah, GA
Experience: Beginner
Platform: Still Researching
Trading: Stocks
Posts: 6 since Oct 2014
Thanks Given: 15
Thanks Received: 0
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This is frustrating. And of course I didn't find the issue until I bought the lifetime license.
Anyway, here's the deal. I'd like to trade on the chart while I'm learning, and I'd like every new trade to have a stop/loss and a trailing stop automagically added. I can make this work, if I choose to do something like "trigger the trailing stop at 10 ticks, and have the stop/loss trail by 10 ticks."
Works great, works as part of an integrated master strategy, and it works as expected -- if I set levels ~= to the average true range, then I get stopped out on big moves.
So here's what I can't figure out: the trialing stop strategy supports percentages instead. I'd like to:- Initiate the trailing stop trigger somewhere reasonable, like 1 ATR up.
- Loosen the stop over time. Ideally I'll be able to tell MC to trigger at 20 ticks (say), and move the stop so that it captures 50% of a move. The longer the move, the more breathing room for retracements.
But I can't make it work.
Can someone help me?
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