View Full Version : Trailing Stops
01-04-2005, 05:01 AM
I can't get my head around the trailing stops. Here's whatI want to set up: (1) initial stop 11 YM points; (2) at a profit of 11 YM points, move stop to BE - 3; at a profit of 21 points, move stop to BE +3. Thanks for any help!
01-04-2005, 06:35 AM
Set up your strategy with a stop loss value of 11 points.
For auto trail, use two steps.
Frequency - 100
Profit Trigger - 11
StopLoss - 18
Frequency - 100
Profit Trigger- 21
The reason for the frequency value of 100 is so that the trail stop only moves once. If you set the frequency to a value of 1 (for example) the stop loss will move up for every additional 1 point in profit.
01-04-2005, 09:26 AM
01-07-2005, 01:01 AM
I don't trade futures but stocks, so what should the set up be for :
1) initial stop = $ 1.00
2) at a profit of $ 0.50 move stop to BE
3) at a profit of $ 1.00 move stop to BE + $ 0.60
That would be for a 5$ stock.
Instead of an amount, would it be possible to use %, let's say :
1) initial stop = 20%
2) at a profit of 10% move stop to BE
3) at a profit of 20% move stop to BE + 12%
In this way, I could set up 1 strategy for different stock values !
Thanks for your feedback.
01-07-2005, 01:51 AM
Hi Swiss, it is not possible to set the auto trail based on % at this time.
Set Stop Loss value on entry tab to $1.00
AutoBreakeven Profit Trigger - $0.50
Trail Step1 1
Profit Trigger - $1.00
Stop Loss $0.40
Frequency - A value that will determine how often the stop loss will move ( $0.05 will move the stop up for every additional nickel in profit)