• Registered: 2007-09-04
  • Posts: 4

Topic: Price advance and trailing stop

Hi

I've recently downloaded the software and it looks good. I want to test a very simple system but I cannot see how to do it in the program; I couldn't find a help example or a similar comment on this forum so I want to:

Long only position:
1) Buy at 100 if the price rises from below 70
2) Set a trailing stop loss of 50

For example
a) EUR/USD starts 13565 and rises to 13600 - I want to then buy at 13600 with an initial stop at 13550
b) EUR/USD rises to 13700 and then falls back to 13590 - I want to have stopped at 13650
c) EUR/USD rises to 13610 - do nothing as condition not satisfied
d) EUR/USD rises to 13710 - I want to buy at 13700 and so on

Thanks for your help

2 Reply by forexer (edited by forexer 2007-09-04 22:32:44)

  • Registered: 2006-12-30
  • Posts: 23

Re: Price advance and trailing stop

It is not the same, but near.
You cannot set the exact price level (as I know)


A same direction signal - Adds to the position
An opposite direction signal - Does nothing

[Opening point of the position]
Steady Bands
     Enter long at the Up Band
     Smoothing method  -  Simple
     Base price  -  Open
     MA period  -  1
     Margin in pips  -  30
     Use previous bar value  -  No

[Opening logic condition]
Long or Short
     Open long positions only

[Closing point of the position]
Trailing Stop
     Exit at the Trailing Stop level
     Trailing Stop  -  -50

It opens long when the price advances 30 pips from the beginning of the bar.