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modify percent trailing with a fixed value


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  #1 (permalink)
auato
Bradenton
 
Posts: 30 since May 2016
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Hi all,

I am using this strategy below:

setstopposition;
setprofittarget(500);
setstoploss(90);
setpercenttrailing(250, 70);

but now I would like to tune a little bit this strategy abandoning the % trailing (70%) to take profit at fixed value (100).
So, if it going toward profittarget(500) it exceeds the threshold 250 a monitoring for any eventual retracement is started for which it can take profit at an amount of 100, otherwise if it proceeds on the good way, it takes profit at the first profittarget 500.



Thank you.

BR,
auato


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  #3 (permalink)
 ABCTG   is a Vendor
 
Posts: 2,448 since Apr 2013
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auato,

you will likely only be able to accomplish that with a stop order that you place when your open position profit meets your threshold. You won't be able to adjust the SetProfitTarget reserved word as you are above the value of 100 and would simply exit right away.

Regards,

ABCTG


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Last Updated on October 7, 2016


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