Tuesday, March 3, 2009

Strategy Parameterst Explained

Trailing Stop

This parameters group enable to configure 3 levels of trailing stop,

Once the position hit the "profit Floor 1" stop price will trail the price using "Profit Risk - Level 1" for example, once the position is in 20 ticks profit the position will be stopped once price retrace 20 ticks

Once the position hit the "profit Floor 2" stop price will trail the price using "Profit Risk - Level 2" for example, once the position is in 30 ticks profit the position will be stopped once price retrace 15 ticks

And same for Level 3

Use this group to lock profit and tight the stop loss as price move in your favor and reversal has more chance to happen.


No comments:

Post a Comment