Conditional Trailing Stop Exit 2013-10-18

This money management script allows you to add a trailing stop to your trading strategy AFTER a condition is met. For example, the script will allow you to set a 2% trailing stop after RSI(2) > 70.

The script accepts two inputs from the user: the condition to evaluate, and the percentage trailing stop to implement once the condition is met.

Note:

For the script to work, you MUST enable trailing stops within the Simulator user interface or using the Simulator formula editor. Here is an example of how to enable trailing stops in the Simulator formula editor:

SetSimStop(_StopTrailing, _Percent,99, 10);

The SetSimStop statement above temporarily sets the trailing stop to 99%, and allows a re-entry after 10 bars. The money management script will handle changing the trailing stop to the percentage set using the money management variable inputs (e.g., 2%).

Technical Analysis

• FirstTradingDOM
• Fibonacci Function
• Ratio of Equal-weighted to Market capitalization-weighted S&P 500 Index
• Average Correlation Index - S&P 500
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• CBOE Options Issues Traded
• Price at a specific Intraday Time
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Fundamental Analysis

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• Ratio of Total Market Capitalization to US GDP
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