Active Trader: Trailing Stop Functionality

NexusFi · 2013-04-05T16:37:30-04:00

Howdy-- I'm looking to implement a trailing stop strategy that bumps my stop order up to breakeven plus one following, for example, 5 ticks. I then want the trailing stop order to advance up with the price action, so for instance for every 4 additional ticks, I want the trailing stop to follow by 4 ticks. The above is a way of locking in profits in the event of reversals that are too quick to catch by hand adjusting the stops. Is the above, or something similar to it, possible in TOS? Thanks! …

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Updated April 5, 2013

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Active Trader: Trailing Stop Functionality

April 5th, 2013, 04:37 PM	#1 (permalink)
aventeren Bellingham, WA USA Patient Discipline Experience: Beginner Platform: NT Broker: Mirus (Broker), Continuum (Data), Dorman (Clearing) Trading: Futures Posts: 202 since Mar 2013 Thanks Given: 428 Thanks Received: 202	Howdy-- I'm looking to implement a trailing stop strategy that bumps my stop order up to breakeven plus one following, for example, 5 ticks. I then want the trailing stop order to advance up with the price action, so for instance for every 4 additional ticks, I want the trailing stop to follow by 4 ticks. The above is a way of locking in profits in the event of reversals that are too quick to catch by hand adjusting the stops. Is the above, or something similar to it, possible in TOS? Thanks!

Last Updated on April 5, 2013

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