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Trail stop at high of a pullback
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Trail stop at high of a pullback
I am trying to create a trailing stop for a strategy that will place the stop order (for a short position) at the high of a pullback plus 1 tick and the reverse for a long position. I have not been able to figure out how to determine the correct bar in the pullback. I have attached a screen shot showing which bar I am trying to identify.
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Originally posted by mlarocco View PostI am trying to create a trailing stop for a strategy that will place the stop order (for a short position) at the high of a pullback plus 1 tick and the reverse for a long position. I have not been able to figure out how to determine the correct bar in the pullback. I have attached a screen shot showing which bar I am trying to identify.
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I did an example for you.
and yes its a bit complex but it was my first idea on how to do it and i just went with it.
If you have questions regarding the code, just ask.
make sure also to use the right declarations when using this (line1)
tho i think i didnt make a mistake, it still is possible, but after all its just supposed to show the way it can be done. you have to do the rest from here.
EDIT: Note that with this version you would only start looking for retracements once you enter a position. so you cant access retracements b4 that point. if you wanna do that you would have to make a few changes, but i think if you understand how the code works, you can easily make your own adjustmentsAttached FilesLast edited by BigRo; 11-07-2015, 05:26 PM.
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Originally posted by mlarocco View PostThank you for taking the time to create this! I'll see how I can use it.
Swing(strength).SwingHigh[0]
or
Swing(strength).SwingLow[0]
in your code by placing exits N ticks above/below those.
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