HI Mathew
I note the discussion about a trailing stop tool. I use what I call the “ATRTS” - Average True Range Trailing Stop Loss (with a multiplier of 2 and a period of 21) as one of my buy signals. The signal is when the ATRTS flips below the price. However on Optuma I can only choose long or short, so cannot see when the change occurs. Can I suggest this as an option please?
Chris
Hi Chris,
The new tool will have a Flip mode where it switches from Long To Short when it is breached. It will be similar to this one (https://help.optuma.com/kb/faq.php?id=1113) but includes the flip and the ability to set your own script for the stop calculation.
All the best
Mathew
Hiii Sir,
Is it possible to do following in the new show stop tool.
Lets say i have a filter that if market is above 150 dma then the trail stop shall be 30 %. As soon as it goes below 150 the trail stop shall become 10 % for backtesting purposes.
Regards,
Deepak
Hi Deepak,
Yes, it accepts any script so you can set that up.
All the best
Mathew