Topic: are the following close logic conditions achievable?
Hello all, love using this software and the capacity to test new ideas.
I was hoping someone might assist me and advise whether it is possible to achieve the following exit scenarios.
Exit at the moving average, plus an offset in price.
Trading short time frames I have noticed that when price gets a certain distance away from a moving average that it is a profitable exit position. (Obviously the distance from the moving average varies with currency and time frame).
I see the option to "Exit at the Moving Average" but is there a way of adding an amount (I have called it an offset) in pips, points....to the current Moving Ave value which I understand is based on the close of previous bar value.
I have looked at "Envelopes" and possibly there is a way of changing deviation to a preset number of pips instead of %, but I am not sure how
Also and this may reflect a novice understanding of the software
Is it possible to have this type of close (similar for Bollinger Bands, Envelopes) trigger during the bar and as soon as the price reaches the band, envelope......upper band value in the case of a long trade.
Maybe it works this way in FST now, but I don't have experience in using FST in real time yet.
Seems to me that this would be a good method of capturing spikes in price action.
thanks in advance