www.for-exe.com
  • Home
  • eWavesHarmonics
  • INDICATORS
    • MT4 Indicators
    • MT4 Free Indicators & Scripts
    • eWaves v1.0 Manual
    • MT5 Indicators
  • Trade Tools
    • Advanced Trade Manager
    • Advanced News Trader
    • Trade Copier
  • Trader Training
  • Harmonics
    • TheHarmonicIndi
    • TheHarmonicIndi Instructions
    • Harmonic Chart Pictures
    • Harmonic Patterns
  • Trading Blog
  • Contact Us
  • Who is Snorm
  • Q&A
  • Trading Services
  • Useful Links
  • MT4 TIPS and TRICKS
  • Newsletter
  • MetaTrader Wingdings
  • Fibonacci Numbers
  • Privacy Policy
  • Terms of Use and Disclaimer

Advanced Trade Manager: Jumping Trailing Stops

29/5/2018

0 Comments

 
Picture
I had a request, just last week, to add jumping (or stepping) trailing stop losses to ATM.  The idea is that as price progresses X points, the stop loss is trailed by Y points; the process is repeated, in X steps, until your target price is reached or the trade is stopped. 

This approach to trailing stops makes sense as you'll often find price retracing a similar distance, in strong moves; so might be a better way to manage an open trade than to trail fractals or bars.  Apparently, this is a feature that many futures traders use, although I wouldn't know about that - I haven't traded futures for more than a decade.

You can set the jumping and trail values, for your chosen instrument and timeframe, in the Info Panel, as for any other settings.  When you have a trade open (or before it's open, if you use the @Level), you just click on the T-Step button and let ATM take care of the rest.  When the markers are placed on the chart, as in the above example, you can move the 'Jump Stop' (the price where the command is issued to move the SL) as you please.  You can also still manually move your SL - ATM will only move the stop loss if it is more favourable for your trade.

A couple of other changes have also been made to ATM: you can change the colours of the swing and @level lines (also via the Info Panel) .

The Beta version of this (v2.7) has been uploaded, if you'd like to test this feature for yourself.

I hope you enjoy the new T-Step feature.  I used it to manage some trades on DAX and DOW earlier - they worked out very nicely. Let me know if you have other good ideas for ATM - I'll have a go at adding anything that others might benefit from.
0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

    Subscribe to Newsletter

    Archives

    March 2023
    February 2023
    January 2023
    December 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    August 2021
    July 2021
    May 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    August 2015
    May 2015
    April 2015
    March 2015
    February 2015
    January 2015
    December 2014
    November 2014
    October 2014
    August 2014
    July 2014
    June 2014
    May 2014
    April 2014
    February 2014
    January 2014
    December 2013
    November 2013
    October 2013
    September 2013

    RSS Feed

Website design by Snorm
Subscribe to Newsletter
  • Home
  • eWavesHarmonics
  • INDICATORS
    • MT4 Indicators
    • MT4 Free Indicators & Scripts
    • eWaves v1.0 Manual
    • MT5 Indicators
  • Trade Tools
    • Advanced Trade Manager
    • Advanced News Trader
    • Trade Copier
  • Trader Training
  • Harmonics
    • TheHarmonicIndi
    • TheHarmonicIndi Instructions
    • Harmonic Chart Pictures
    • Harmonic Patterns
  • Trading Blog
  • Contact Us
  • Who is Snorm
  • Q&A
  • Trading Services
  • Useful Links
  • MT4 TIPS and TRICKS
  • Newsletter
  • MetaTrader Wingdings
  • Fibonacci Numbers
  • Privacy Policy
  • Terms of Use and Disclaimer