Stopping SetStopLoss - MultiCharts | futures io social day trading
futures io futures trading


Stopping SetStopLoss
Updated: Views / Replies:1,311 / 1
Created: by fineyfam Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 100,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you dont need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

Stopping SetStopLoss

  #1 (permalink)
Elite Member
Hartford Connecticut
 
Futures Experience: Intermediate
Platform: Multicharts
Favorite Futures: Currency Futures
 
Posts: 2 since Jun 2012
Thanks: 3 given, 0 received

Stopping SetStopLoss

Here is my dilemma: On principle and out of fear that my pc will explode seconds after placing a trade, I always write setstoploss into my strategies. But, when a sliding stop (like a parabolic) enters into the strategy after bar 1, I now have 2 stops in place at once. Not so much of problem, except that OEC adds to my margin requirement as I understand it when I have multiple stops.

So, my goal is to enter a setstoploss with the entry of the trade and then turn it off once a new strategy protective stop is placed.

I have tried a simple code:

if barssinceentry = 0 then begin
SetStopLoss( Amount ) ;
end;

hoping that the setstoploss wouldn't reenter after the opening bar. Seems it holds even to bar 2.

Any elegant solution I have overlooked?

Reply With Quote
 
  #2 (permalink)
Elite Member
Newcastle, Australia
 
Futures Experience: Intermediate
Platform: Multicharts 8 - Full Version
Broker/Data: IB
Favorite Futures: SPI,FTSE100, 6E, 6A
 
Posts: 285 since Oct 2010
Thanks: 108 given, 178 received

Have you looked at the NWT exit suite. It uses one stop order that moves from being a stoploss to a trailing stop etc. It also changes the name of the order on the way through .

Regards,
Neil.

Reply With Quote
The following 2 users say Thank You to NW27 for this post:

Reply



futures io > > > > Stopping SetStopLoss

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

September Journal Challenge (sponsored by TopstepTrader)

September

Battlestations! Win $947 in prizes for showing us your trading desk!

October
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
No Stopping Technocrats Rule ....Europe kbit News and Current Events 0 November 16th, 2011 12:07 PM
need help stopping multiple entries on the same bar cboss EasyLanguage Programming 2 October 1st, 2011 11:04 PM
No stopping ECB rate hike, economists say kbit News and Current Events 0 July 6th, 2011 07:08 PM
HOW!!?? Turn SetStopLoss into a ExitLongLimit Trader.Jon NinjaTrader Programming 2 March 26th, 2011 11:38 AM
Stopping ETD (End of Trade drawdown) with classic Donchian Channels strategies drolles NinjaTrader Programming 2 December 23rd, 2010 12:00 PM


All times are GMT -4. The time now is 02:13 PM. (this page content is cached, log in for real-time version)

Copyright © 2018 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2018-10-23 in 0.09 seconds with 14 queries on phoenix