Trailing Stop?

kinkeadfx
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Trailing Stop?

Postby kinkeadfx » 02 May 2013

Does anybody know where i can find a trailing stop signal strategy for Multicharts. Net?

shanemcdonald
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Re: Trailing Stop?

Postby shanemcdonald » 02 May 2013

I use the dollar trailing signal.
I think there is another signal . Its called " stops and targets" , it has a trailing signal in it as well as breakeven and percent settings. It is in the beginning of the signal list, not alphabetized.

shane
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kinkeadfx
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Re: Trailing Stop?

Postby kinkeadfx » 02 May 2013

Can you use the trailing stop and breakeven features without using the stops or targets features?

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Henry MultiСharts
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Re: Trailing Stop?

Postby Henry MultiСharts » 03 May 2013

kinkeadfx wrote:Does anybody know where i can find a trailing stop signal strategy for Multicharts. Net?

There are two built-in signals:Dollar_Trailing and Percent_Trailing.
Both of them use the corresponding reserved words for generating the appropriate Stop order depending on the position direction when current profit is less than the maximum profit by the specified amount.

kinkeadfx
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Re: Trailing Stop?

Postby kinkeadfx » 06 May 2013

The Percent Trailing has 2 settings? FloorAmt and TrailingPct, How would you set it to start trailing by one tick after you have 5 ticks in profit?

The Dollar_Trailing has 1 setting? Do you put the amount of profit before it trails or is it based on the tick value of what you are trading?

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Henry MultiСharts
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Re: Trailing Stop?

Postby Henry MultiСharts » 06 May 2013

Percent_Trailing
Closes out the entire position or the entry if the specified percentage of the maximum profit is lost after the profit has reached the specified value; generates the appropriate Stop order depending on whether the position is long or short.
For example, if the specified profit is $100 and the specified percentage is 50, and the profit has reached the maximum of $120, the position will be closed once the profit falls back to $60.
Inputs:
FloorAmt- a numerical expression, specifying the currency value of the profit that must be reached first
Percentage - a numerical expression, specifying the maximum loss of profit in percent
Example
Generate an exit order for the entire position if 50 percent of maximum position profit is lost after the profit has reached $25:

Code: Select all

CurSpecOrdersMode = ESpecOrdersMode.PerPosition;
SetPercentTrailing(25,50);
Generate an exit order for the entry if 25 percent of maximum per share profit is lost after the profit has reached $5:

Code: Select all

CurSpecOrdersMode = ESpecOrdersMode.PerContract;
GeneratePercentTrailing(5,25);


Dollar_Trailing
Closes out the entire position or the entry if the current profit is less than the maximum profit by the specified amount; generates the appropriate Stop order depending on whether the position is long or short.
For example, if the specified ammount is $50 and the profit has reached the maximum of $120, the position will be closed once the profit drops to $70.
Inputs:
Amount - a numerical expression, specifying the currency value of the maximum loss of profit
Example
Generate an exit order for the entire position if position profit drops by $50:

Code: Select all

CurSpecOrdersMode = ESpecOrdersMode.PerPosition;
GenerateDollarTrailing(50);
Generate an exit order for the entry if per contract profit drops by $10:

Code: Select all

CurSpecOrdersMode =ESpecOrdersMode.PerContract;
GenerateDollarTrailing(10);
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