Date/Time: Sun, 03 Mar 2024 12:29:59 +0000
Post From: Trade Management by Study, Stationary Targets and Stops
|User126318 - Posts: 5
I'm attempting to build an automated trading system from start to finish. I have my trade entries in place, but I would like to automate the targets and stops too. I'd like my stop to be put 3 ticks below the low of my entry bar, and the target to be 1.5 times the risk. I have studies built through the "Spreadsheet Formula" study to use for these stops and targets, and I cannot rely on pre-set bracket sizes since I'm using a 5 minute chart. I had hoped to just use the TMBS study for my needs, but in doing research on my own, I might have to just figure out how to use the "Spreadsheet System for Trading" study instead. Any input and help from other Sierra Chart users would be greatly appreciated.