Disable or Enable your Stop Rules

If you have a stop rule and you want to disable it under certain circumstances then this script may help you achieve this.

By adding this money management script to your trading system, you are going to change the stop default behavior.
In order for your original stop rule to be applied, the analyzed stock must also pass the stop rule as defined by you.

Say for example, you want to apply a 10% stop loss to your trading system but you want that stop loss to be applied only for stocks whose relative strength index is below 30 (on the bar the stock drops below 10% and thus the stop loss becomes active).
You can so by:
- Adding a 10% stop loss to your trading system
- Adding the current money management script to your trading system (download it first, edit/update your trading system in QuantShare, select "Money management" tab at the top then click on "Add an existing money management script"
- Updating the "Stop Rule" under "Money management variables" in the simulator manager

In our example, you just need to add the following rule:
rsi(14) < 30

Note that this money management script works with the different stop rules (Stop, trailing, profit and N-bars)

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