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Buderim trader
Posted : Tuesday, April 11, 2017 4:24:45 PM
Registered User
Joined: 4/10/2017
Posts: 3

Hi,

I am new to TC2000 (a few days), I have been trying to find a percentage trailing stop that I can trail below price at 20% but that holds it's ground when price retreats.

I have been using the volatility stop but it just doesn't feel right.

I have no experience in writing code, can someone tell me if there is a way of getting this indicator on my charts in TC2000?

 

Regards,

 

Duane.

Bruce_L
Posted : Tuesday, April 11, 2017 5:15:27 PM


Worden Trainer

Joined: 10/7/2004
Posts: 64,323

You could write a stop that is 20% below the high over X bars.

So something like the following could be plotted in the same pane and scale as price using a Custom PCF Indicator.

.8 * MAXH5

It will start retreating 5 bars after the high however, so the period used might be something you could play with a bit.



-Bruce
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