I have a strategy that has an ema crossover with bollinger bands. I normally start with a 4 tick stop, then move the stop up 4 ticks at a time. However, at a certain point I would like to have the stop become 1 tick above or below the middle of the bollinger bands as the trend continues.
So start with stop strategy #1: 4 ticks and it shrinks as the trade moves in the money then moves to 1 tick below the bollinger band.
The thing is, even though this cross over happens and could be programmed in a strategy--there is still a discretionary element to this in that I need to check other data before taking the trade. So I can't just create a strategy and automate the entry--it still needs to be discretionary about whether to put on the trade.
I DO need, however, to automate the exit where the computer moves the stop up based on a formula of bb+1 or bb-1.
Any ideas about how to accomplish that?
Thanks!
Ron
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