Stoploss and Profit Target as percentage

Questions about MultiCharts and user contributed studies.
Algyros
Posts: 52
Joined: 28 Sep 2009
Location: Austin, TX
Has thanked: 1 time
Been thanked: 5 times

Stoploss and Profit Target as percentage

Postby Algyros » 26 Oct 2009

Is it possible to set up a stop loss and/or a profit target that isn't a fixed amount but a percentage of the original investment for an automated signal? For example, I buy XYZ after a given signal and automatically sell automatically if XYZ goes down 5% (stoploss) or up 5% (profit target)?

User avatar
TJ
Posts: 7740
Joined: 29 Aug 2006
Location: Global Citizen
Has thanked: 1033 times
Been thanked: 2221 times

Postby TJ » 26 Oct 2009

yes, they are possible.

pretty well any calculations you can imagine, can be arranged.



may I suggest these as starters:

Ask Mr. Easylanguage
http://www.amazon.com/Ask-Mr-Easylangua ... =8-1-spell

Image


Building Winning Trading Systems with TS
http://www.amazon.com/Building-Winning- ... gy_b_img_b

Image


Return to “MultiCharts”