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Date/Time: Thu, 28 Mar 2024 18:59:28 +0000



Setting up a Trailing Stop Using Spreadsheet System for Trading Study

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[2019-03-23 17:31:43]
User94606 - Posts: 327
How do I setup a trailing stop using the Spreadsheet System for Trading Study? I would like to use a 10 exponential moving average as the trailing stop
[2019-03-24 03:01:38]
User701453 - Posts: 176
Add a Spreadsheet System for Trading Study to your chart.
In the "L" column for a long exit based on price less or equal to chosen ema.
=and(H3=1, J8 >0, E3<=P3)

In the "N" column for a short exit based on price greater or equal to chosen ema.
=and(H3=1, J8 <0, E3>=P3)

"P3" being the column you ema is listed in,(change "P" letter to whatever your chosen ema is listed in)
"H3" is a way to turn on/off the trailing stop with a simple 1 or 0.
Enter a "1" to enable trailing stop, enter "0" to disable it.

**Make sure "J72" and "J74" are set to "M" for a market orders
**Test in sim mode to make any adjustments needed to code etc.
**As always your mileage may vary & never guaranteed
Date Time Of Last Edit: 2019-03-24 03:03:57
[2019-03-24 04:36:06]
Sawtooth - Posts: 3952
If you only use a spreadsheet formula, you don't have a stop in the market.

IMO, it's best to use Attached Orders, and let the Trade Management by Study study move the attached stop.
The Trade Management by Study study can directly reference the EMA, or a spreadsheet formula result.
Attached Orders: Study Controlled Targets and Stops
[2019-03-24 14:24:41]
User94606 - Posts: 327
@tomgilb - what do you mean by "If you only use a spreadsheet formula, you don't have a stop in the market"?
[2019-03-24 16:47:40]
User701453 - Posts: 176
tomgilb idea is probably the best way.

I always have a "stop in the market" to save my account, usually a swing high or swing low.
But I have used a "hidden stop" (spreadsheet)as my true stoploss.

Its usually close to my entry and I don't want the market to see it.
The market will tend to reach out grab your stop to the tick and then move in your chosen direction.

Its just a process I used in MT4 for forex and applied it to trading futures
Date Time Of Last Edit: 2019-03-24 16:49:09
[2019-03-24 17:32:14]
User94606 - Posts: 327
@User7014534 - thank you for your feedback. I need to get myself familiar with the "Trade Management by Study"
[2019-03-24 18:37:38]
Sawtooth - Posts: 3952
what do you mean by "If you only use a spreadsheet formula, you don't have a stop in the market"?
You could place a stop in the market with a spreadsheet formula at the time of a spreadsheet entry, using a price in J23/J25 and "S" in J72/J74, triggered by a formula in L3/N3, but now it becomes complex to program a trailing stop exit using the same L3/N3 cells.
If you don't place a stop using this method, or you don't use Attached Orders, you don't have any stop in the market.

If you don't use Attached Orders with a spreadsheet entry, you won't have a stop in the market that can be moved programmatically.
[2019-03-25 18:03:12]
Sierra Chart Engineering - Posts: 104368
For this you do want to use a study controlled Stop Attached Order:
Attached Orders: Study Controlled Targets and Stops
Sierra Chart Support - Engineering Level

Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy:
https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation

For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service:
Sierra Chart Teton Futures Order Routing
[2021-04-01 10:38:25]
Trade-Mekoome - Posts: 7
Hello! I have lookalike question - is it possible to make Order type for Buy entry in Spreadsheet trading system to be a trailing stop order?
[2021-04-01 21:44:09]
Sierra Chart Engineering - Posts: 104368
No this is not supported.
Sierra Chart Support - Engineering Level

Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy:
https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation

For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service:
Sierra Chart Teton Futures Order Routing

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