Topic: Questions about Stop Limit and reversals
Hi,
I have 2 questions:
1. I can't find how to set a stop limit or trailing stop when creating a strategy. I'm using version 2.4.2.0
- in addition, I would like to be able to calculate the stop limit and trailing stop, like: 3*ATR. Is there a way to do this? If not, can you add that feature in the future?
2. I set up a strategy using ADX and the directional indicators. I read that you automatically adjust the parameters for going short. However, with ADX, it measures the strength of the trend. So, is my assumption correct:
Opening:
ADX > 20
DI+ crosses DI- upward
for a short position your reverse logic is:
ADX < 20
DI+ crosses DI- downward
If this is the case, then the short positions are at a disadvantage. The short position should really be:
ADX > 20
DI+ crosses DI- downward
right?
I am also in the camp of wanting money management. MM can make a losing system profitable. Normally, this is calculated based on a percentage of your account. It might be possible to base it off of your cumulative pips, although, you would need to start with some amount of pips in your account.
Thanks! Great software, especially for free!
Bill