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Date/Time: Sun, 19 May 2024 18:59:26 +0000

Post From: Spreadsheet auto trading - trailing stop

[2014-01-05 06:35:08] Link To Thread - Link To Post [Go To First Post]
djcurcio - Posts: 236
Thanks for the info. I've been using the SuperTrend (ATRs) as a starting point. And assume no scaling in but possible scaling out. My problem with the SuperTrend is that it does not display or allow me to control the initial stop loss level or scaling out. I'd like to have a bit more control / knowledge of the stop loss level. For example, I would like to be able to set the initial stop loss at 13 tics and once the position is profitable by 1 tic have the stop moved up (or down when going short) as the trade goes my way to minimize the potential loss and eventually set an emergency exit to breakeven (entry plus 1 tic). I'd like to have a set initial profit target level user setting (for example 11 tics). I'd like to have the profit level work with a scale out function so that if the position was 2 contracts, that 1 contract would be scaled out at the profit target, and the remaining position would then be able to run with the trailing stop. The number of contracts is a variable (not just 1 or 2), and the number of contracts that are scaled out at the first point should be a user variable - for example if the initial contracts are 3, I should be able to scale out 1 at the first profit target and let the remaining two run, or if I set the initial position to 5 and have 2 scale out and let the remaining 3 run, etc. I assume that there are no partial fills on exits. Thanks again