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Easy language stop loss

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Easy language stop loss

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  #1 (permalink)
Beverly Hills
Posts: 1 since Aug 2013
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Hello, this is a forex question for tradestation easy language, does any one out there know how to have a stop loss follow an indicator. For ex. You manually enter a trade and then add a stop loss but you want the stop to follow a selected indicator like moving average or keltner channel or whatever. I'm trying to get the stop to trail/follow the indicator not the price. Here is what I would like it to do. I manually enter the trade and place a stop loss. I would like for the stop loss to follow my indicator and when the price crosses/touches the indicator I want the stop to trigger and exit the trade win or lose. I am also open to using an easy language that triggers the stop once the condition of price touching/crossing the indicator is met. Thanks for any help I know there are no easy answers and fixes.

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  #2 (permalink)
 ABCTG   is a Vendor
Posts: 2,239 since Apr 2013
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Hi Acehigh,

in my opinion this needs to be done with an EasyLanguage strategy. This would detect your manual entry, place the stop loss and update the trailing stop according to an indicator.


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Last Updated on August 14, 2013

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