pclark
09-12-2008, 04:48 PM
I would like to place a Stop 1.25 ticks from my entry
Once I have made a predetermined profit lets say of 2 for this example. IF another bar has began above the close of the previous bar I would like to move my stop two ticks from the close of this previous bar and continue to trail two ticks at a time. IF the bar was at or below the close of the previous bar I would like to close out my position at that point.
I would also like the option of taking half of the profit and continuing to trail if the criteria were met.
Is this doable w/just what the ATM strategy is capable of? Are there any limitations for what I am asking?
If anyone could point me in a direction to get started I would appreciate it. I have also met a programmer that might be able to help me if this is not that straight foward. Thanks....
Paul
Once I have made a predetermined profit lets say of 2 for this example. IF another bar has began above the close of the previous bar I would like to move my stop two ticks from the close of this previous bar and continue to trail two ticks at a time. IF the bar was at or below the close of the previous bar I would like to close out my position at that point.
I would also like the option of taking half of the profit and continuing to trail if the criteria were met.
Is this doable w/just what the ATM strategy is capable of? Are there any limitations for what I am asking?
If anyone could point me in a direction to get started I would appreciate it. I have also met a programmer that might be able to help me if this is not that straight foward. Thanks....
Paul