Trailing stop strategy setup? - MultiCharts | futures io social day trading
futures io futures trading


Trailing stop strategy setup?
Updated: Views / Replies:1,396 / 3
Created: by Total Novice 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 90,000 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 Ė 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 donít 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
 

Trailing stop strategy setup?

  #1 (permalink)
Elite Member
Savannah, GA
 
Futures Experience: Beginner
Platform: Still Researching
Favorite Futures: Stocks
 
Posts: 6 since Oct 2014
Thanks: 15 given, 0 received

Trailing stop strategy setup?

This is frustrating. And of course I didn't find the issue until I bought the lifetime license.

Anyway, here's the deal. I'd like to trade on the chart while I'm learning, and I'd like every new trade to have a stop/loss and a trailing stop automagically added. I can make this work, if I choose to do something like "trigger the trailing stop at 10 ticks, and have the stop/loss trail by 10 ticks."

Works great, works as part of an integrated master strategy, and it works as expected -- if I set levels ~= to the average true range, then I get stopped out on big moves.

So here's what I can't figure out: the trialing stop strategy supports percentages instead. I'd like to:
  • Initiate the trailing stop trigger somewhere reasonable, like 1 ATR up.
  • Loosen the stop over time. Ideally I'll be able to tell MC to trigger at 20 ticks (say), and move the stop so that it captures 50% of a move. The longer the move, the more breathing room for retracements.
But I can't make it work.

Can someone help me?


Last edited by Total Novice; December 2nd, 2014 at 05:48 PM.
Reply With Quote
 
  #2 (permalink)
Elite Member
Savannah, GA
 
Futures Experience: Beginner
Platform: Still Researching
Favorite Futures: Stocks
 
Posts: 6 since Oct 2014
Thanks: 15 given, 0 received

Nevermind. Isn't fixed.


Last edited by Total Novice; December 2nd, 2014 at 05:48 PM.
Reply With Quote
 
  #3 (permalink)
Elite Member
Savannah, GA
 
Futures Experience: Beginner
Platform: Still Researching
Favorite Futures: Stocks
 
Posts: 6 since Oct 2014
Thanks: 15 given, 0 received


Replying to my own thread in case someone with an answer saw me say "fixed it," because I didn't.

Reply With Quote
 
  #4 (permalink)
Trading for Profit
new york
 
Futures Experience: Intermediate
Platform: X Trader, Sierra Charts, Multicharts
Broker/Data: AMP/TT, Vision/Rithmic, AMP/CQG
Favorite Futures: CL, NG, gold
 
Posts: 355 since Mar 2012
Thanks: 665 given, 569 received

I think you should test the percent trailing signal.

If you set floor amount to $400
and the percent to 30 %
then once it reaches $400 , it can retreat up to 30% ($120) and keep moving.
If it reaches $800, then the 30% pullback would be $240.
At $1200, the trail would be $360 .

You can add multiples of these signals if you wanted to tighten the stop percentage as you go.
e.g. you could add a signal with $800 floor amount with a 10 % trail.

with these signals, you would have a 30% trail from $400 to $800. At $800 dollars and up, the second signal would fire on a 10 % pullback . So at $800 , if it pulled back $80 , the trail would close the position at $720.

Do you see how you can use the percent trailing signal to achieve your goals ?

Try optimizing the signals to get some ideas on what settings to use.

I hope this can help you.

shane

Reply With Quote
The following 4 users say Thank You to shanemcdonald28 for this post:

Reply



futures io > > > > Trailing stop strategy setup?

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Using SuperTrend for trailing stop in a strategy - help needed DarrenH NinjaTrader Programming 16 September 29th, 2017 11:03 PM
Auto Trailing Stop Strategy sandptrader NinjaTrader 19 February 27th, 2017 05:09 PM
Ninjatrader strategy for Trailing Stop and stop loss. skann NinjaTrader 2 August 20th, 2013 08:34 PM
Simple trailing stop strategy jeemba EasyLanguage Programming 2 August 2nd, 2013 08:05 AM
Strategy Disables When Trailing Stop Filled graygoat NinjaTrader Programming 2 September 27th, 2012 06:16 PM


All times are GMT -4. The time now is 10:42 PM.

Copyright © 2017 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 2017-12-13 in 0.09 seconds with 19 queries on phoenix via your IP 54.226.113.250