Implementing Limit, stop orders and other stops?

[pkfryer]

Hello,

I'm using Metastock 9 and a big part of some of the systems I have developed rely on the use of stop orders for entering trades. e.g. When an entry gets triggered by the system on the long side I set up a stop order at the high of the trigger day. On the short side I set up a stop on the low of the day. Just a simple method to make sure the movement is going in my direction instead of buying at market which I never do, and I never buy on open as this opens you up to big risk.

How do I implement this with TradeSim? I want a Good-till-cancel stop entry at a given price, what do I do?

Also, another big part of my strategies is a trailing profit stop where I am only risking 50% of my current profit for the current trade. How do I implement this trailing profit stop in tradesim?

Thanks for your help, and sorry if this has already been covered.

Paul

[David Samborsky]

How do I implement this with TradeSim? I want a Good-till-cancel stop entry at a given price, what do I do?

Read pp 98-102 of the TradeSim User Manual for some short cuts to simulating certain types of entry and exit ordering. You also may have to add some additional coding to implement what you want. However a major issue here is that using EOD data you dont really have any idea of the price movements on an intraday basis.

Also, another big part of my strategies is a trailing profit stop where I am only risking 50% of my current profit for the current trade. How do I implement this trailing profit stop in tradesim?

Read document AN-2 available from the download page.