OmniTrader Upgrade Forums
Trade Plans
trading plan stops
3 replies, 1071 viewings
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OmniTrader Upgrade Forums
Trade Plans
trading plan stops
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Last Activity 1/2/2025 4:50 PM 3 replies, 1071 viewings |
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S.mejeur Member Posts: 5 Joined: 5/12/2018 Location: Kalamazoo Michigan  User Profile |
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| Jim Dean Sage   Posts: 3022 Joined: 9/21/2006 Location: L'ville, GA User Profile |
1. Exit a trade after 20 bars, regardless of P/L 2. Exit a L/S trade if Close crosses above/below a 20-day High/Low 3-5. Same as #2 but Close vs 20 day SMA/WMA/EMA 6-8. Same as #3-5 but H/L instead of Close. (I could probably list 10 other variants given another two minutes.) The very best way to implement a particular type of stop is to use OLang to custom-program it. Then you know exactly how it works, and can fiddle with it as needed. [Edited by Jim Dean on 6/11/2019 10:40 AM] | ||
| S.mejeur Member Posts: 5 Joined: 5/12/2018 Location: Kalamazoo Michigan User Profile |
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| Jim Dean Sage Posts: 3022 Joined: 9/21/2006 Location: L'ville, GA User Profile |
“Pips” is not precise - used in various contexts. Do you mean half of a percent of the closing price from the prior day? What is the basis price for the first day? That is, for a long Trade, should the 0.5% be subtracted from the prior close, low, high, or maybe that day’s open? What triggers the “move up” each day? Just the passing of time, regardless of price action, or only if price rises, or something else? How much does the 0.5% move up each day (see prior trigger question) What triggers the exit? A crossover of of the Low (for long’s) through the trailing stop? Or a crossover of the Close thru that price? (And, just curious, how does your latest description relate to your initial request regarding a “20 day moving” stop?) [Edited by Jim Dean on 6/12/2019 8:53 AM] |
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