Vinay Regular  Posts: 70 Joined: 1/18/2012 Location: Planet Earth  User Profile | Originally written by Matthew Greenslet on 1/29/2009 10:09 AM If you select Actual Value you will only be required to enter a Stop Quantity. Actual Value is used to select a specific price so the price you want to use is entered into the Stop Quantity field. Since you are using a specific price there is no need to choose a stop offset. If you choose ATR then you should put your ATR multiplier in the Stop Quantity field. Also only when a Unit is set to ATR does the option for ATR Periods (below the level properties) come it to play. this will allow you to set the periodicity used to calculate an ATR value. Because you are calculating a stop offset you need to pick a base level and a direction to apply the offset. The Points unit works much like the ATR (except the ATR Periods option is no longer used) You enter your point value in the Stop Quantity and choose a stop offset. As mentioned at the start of this post, if you are using any of the above 4 options nothing is sent to the broker or calculated for the broker order until the Virtual Stop fires. I am not finding the option Stop Quantity in the Trade Plans. I understand that there has been many changes to the TP Interface since this post was made. I guess we should now read Stop Quantity as Stop Order Level. Please confirm this to avoid any confusion. [Edited by Vinay on 10/4/2013 6:06 AM] | |
