Originally written by ryantrader on 10/24/2009 5:21 AM
After some discustion with developers I did find out that this stop is necessary because of what the trade plan is trying to do. If the fixed profit stop is hit then the intention is to loosen up the original tight trailing profit stop to let the trade run longer. To change the parameters of the original trailing profit and fixed loss stops it is necessary to put in this N bar exit. |
Can anyone explain why it is necessary to have N-bar exit with parameter of 1 in this Trade Plan?
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