Trailingstop Bar by Bar - Sierra Chart | futures io social day trading

Trailingstop Bar by Bar
 Updated: November 18th, 2018 (03:46 AM) Views / Replies: 236 / 2 Created: November 15th, 2018 (03:12 PM) by sidlercom Attachments: 0

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# Trailingstop Bar by Bar

 November 15th, 2018, 03:12 PM #1 (permalink) Elite Member Tägerschen   Trading Experience: Beginner Platform: Sierra Chart Favorite Futures: CL, GC   Posts: 2 since Nov 2016 Thanks: 0 given, 0 received Trailingstop Bar by Bar Is it possible to use a trailing stop, for example via the function "trade management by study"? The goal is to automatically draw stop loss after each candle. Does anyone have an idea?

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Platform: Sierra, NT8 and TOS
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Posts: 17 since Oct 2010

sidlercom
 Is it possible to use a trailing stop, for example via the function "trade management by study"? The goal is to automatically draw stop loss after each candle. Does anyone have an idea?

I am relatively new to Sierra Charts. I think the answer to your question depends on the formula that you are using to calculate the stop. If it is a simple formula (e.g., Low - x ticks) and you want to just draw the stop level on a chart (mechanically entering stop), you should be able to accomplish this through the Spreadsheet Formula study. It is my understanding that the Trade Management by Study is used to execute exits and/or profit targets.

Below are some simple definitions of some of the studies based on my very limited knowledge of Sierra Charts:

Spreadsheet Formula: for simple formulas to be used to draw output of formula on chart
Spreadsheet Study: more complex equations can also draw output on chart
Spreadsheet System/Alert: simple formulas and will draw a vertical line when conditions of formula are "True"
Spreadsheet System for Trading: more complex formulas and can be used for full automation of trading system including entries and exits

If you want to use the Spreadsheet Study, you can watch some of the Infinity Futures youtube vids on Spreadsheet System/Alert to understand how to use the studies.

 November 18th, 2018, 03:46 AM #3 (permalink) Elite Member Tägerschen   Trading Experience: Beginner Platform: Sierra Chart Favorite Futures: CL, GC   Posts: 2 since Nov 2016 Thanks: 0 given, 0 received Hi here is the answer: https://forgivingcomputers.com/product/auto-trail-bar-stop/ This trailing stop works perfectly.

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