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Trailingstop Bar by Bar
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Created: by sidlercom Attachments:0

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Trailingstop Bar by Bar

  #1 (permalink)
Elite Member
Tägerschen
 
Futures 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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  #2 (permalink)
Elite Member
Los Angeles
 
Futures Experience: Advanced
Platform: Sierra Chart and NT8
Favorite Futures: NQ
 
Posts: 3 since Oct 2010
Thanks: 9 given, 0 received


sidlercom View Post
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.

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  #3 (permalink)
Elite Member
Tägerschen
 
Futures 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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