Hi,
I am testing Dollar Trailing and have mine set at (3*BigPointValue) which is 3 points on the ES. Attached is a snap shot showing the strategy entry and ES almost 5 points away from the entry yet the auto trailing does not show. How exactly does this command lock in a trail profit ?
Thanks
Here is the trail line of code
setdollartrailing(3*bigpointvalue);
DollarTrailing Question
-
- Posts: 173
- Joined: 25 Aug 2007
- TJ
- Posts: 7740
- Joined: 29 Aug 2006
- Location: Global Citizen
- Has thanked: 1033 times
- Been thanked: 2221 times
from the PowerEditor dictionary:
BigPointValue
Returns a numerical value, indicating the currency value of a single whole unit price change for the data series that the study is applied to.
Usage
BigPointValue
Note
BigPointValue = PointValue × PriceScale
Examples
BigPointValue will return 1 for Google
BigPointValue will return 50 for E-mini S&P 500
BigPointValue
Returns a numerical value, indicating the currency value of a single whole unit price change for the data series that the study is applied to.
Usage
BigPointValue
Note
BigPointValue = PointValue × PriceScale
Examples
BigPointValue will return 1 for Google
BigPointValue will return 50 for E-mini S&P 500
- TJ
- Posts: 7740
- Joined: 29 Aug 2006
- Location: Global Citizen
- Has thanked: 1033 times
- Been thanked: 2221 times
you can check these values with my Programmer's Toolbox
http://www.tssupport.com/forum/viewtopic.php?t=5896
http://www.tssupport.com/forum/viewtopic.php?t=5896
-
- Posts: 173
- Joined: 25 Aug 2007
Hi TJ,
Thanks for the reply. I understand that bigpointvalue returns 50 for ES. I am assuming dollar trail looks at openpositionprofit maybe ?
My goal was to trail when I got 3 points plus on a trade. I really wish we could tell a strategy to use the run-up value and exit if profit was > X, but I never got a reply on my request the other day. I will look back at the help guide to try and see what I missed on understanding this.
Thanks
Thanks for the reply. I understand that bigpointvalue returns 50 for ES. I am assuming dollar trail looks at openpositionprofit maybe ?
My goal was to trail when I got 3 points plus on a trade. I really wish we could tell a strategy to use the run-up value and exit if profit was > X, but I never got a reply on my request the other day. I will look back at the help guide to try and see what I missed on understanding this.
Thanks