I am new to this forum and hope there is someone out there who can help me!
I have for some time tried to write a simple trend-following strategy that locks in decent profits. My main problem is that all my efforts end out either with
- leaving the trend lines so far away from the price that by the time profits is locked in, profits have more than halved itself, or
- placing the trend lines so close to the price that I keep getting thrown out of the bigger movements and ends up being whipsawed instead.
Anyone with a suggestion for a TradeStation solution that I can used? I have the SuperTrend indicator and have made an effort to translate it into a strategy. It ends with the issues described above..