Example:
I want to enter a trailing buy stop on the dom anywhere above the market price.(and not have it immediately move to 4 ticks away from market price)
I want the buy stop to follow the market down every time the market falls by 4 ticks.
Once the buy stop is triggered, I want a profit of 4 ticks and stop loss of 12 ticks.(ATM)
And:
Just the opposite with a trailing sell stop
I want to enter a trailing sell stop on the dom anywhere below the market price..(and not have it immediately move to 4 ticks away from market price)
I want the sell stop to follow the market up every time the market increases by 4 ticks.
Once the sell stop is triggered, I want a profit of 4 ticks and stop loss of 12 ticks.(ATM)
I have the ATM ready to go, but cant find a way to do trailing buy/sell stops>
Tradovate has a simple bracket strategy that does this, see attached.
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