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Date/Time: Thu, 18 Jul 2024 08:00:56 +0000



Post From: Trade Management by Study, Stationary Targets and Stops

[2023-08-18 01:46:36]
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.