Trailing stop

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  • #63721
    Christopher
    • Topics: 1
    • Replies: 0
    • Posts: 1

    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

    #63723
    Mathew
    • Topics: 40
    • Replies: 2,011
    • Posts: 2,051

    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

    #63725
    Deepak
    • Topics: 73
    • Replies: 62
    • Posts: 135

    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

    #63737
    Mathew
    • Topics: 40
    • Replies: 2,011
    • Posts: 2,051

    Hi Deepak,

    Yes, it accepts any script so you can set that up.

    All the best

    Mathew

    1 user thanked author for this post.
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