underground
03-22-2005, 03:08 PM
Ok guys and gals just a question to think about - is there a way in NT to create a smart trailing stop?
Say we have set are profit for 4 points a trailing stop of 6 points (frequency outlined below) with thereversetrade on stop option on.
First Move - price moves 1 point stop moves up 2 points (stop at 4 points),
Second Move - price moves2 point stop moves up 2 points (stop at 2 points),
Third Move - price moves 2 points stop moves up 2 points (stop is now at breakeven),
Fourth Move - price moves 1 point stop moves up 1 point (stop is 1 point above breakeven).
So my question is there a way in NT so that when the stop is hit and the trade reverses can you have it set upfor different profit targets? Say first move reversal profit at set for8 points profit, second move reversal set for6 points profit, third move reversal set for 4 points profit. Or do we have to do that by hand? Is so keep this in mind for future updates may be an interesting option if you ask me.
Thanks for the info
Say we have set are profit for 4 points a trailing stop of 6 points (frequency outlined below) with thereversetrade on stop option on.
First Move - price moves 1 point stop moves up 2 points (stop at 4 points),
Second Move - price moves2 point stop moves up 2 points (stop at 2 points),
Third Move - price moves 2 points stop moves up 2 points (stop is now at breakeven),
Fourth Move - price moves 1 point stop moves up 1 point (stop is 1 point above breakeven).
So my question is there a way in NT so that when the stop is hit and the trade reverses can you have it set upfor different profit targets? Say first move reversal profit at set for8 points profit, second move reversal set for6 points profit, third move reversal set for 4 points profit. Or do we have to do that by hand? Is so keep this in mind for future updates may be an interesting option if you ask me.
Thanks for the info