Trailing Stop With Condition - Trading Software

Trailing Stop With Condition

Dave W.
2013-10-17 01:46:45

Hi. I'd like to implement a trailing stop, but only after a certain condition is met. For example:

Set a 2% trailing stop after RSI(2) > 70

Is this currently possible to do with existing money management scripts / QuantShare code?

Thank you.

QuantShare
2013-10-17 11:39:30

Best Answer

This can be implemented by calculating the "RSI(2) > 70" formula for open symbols in the "OnEndPeriod" event.
When the formula passes, you should update the "StopSettings" field of the position.
Make sure "trailing stop" is enabled in your trading system.

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