NeilW
20th September 2004, 09:30 AM
Hi,
I saw that version 4 was coming out soon, so I thought that I had better get in quickly with this wish.
I wish to be able to exit a trade if the trade does not return a certain amount of profit in a certaion period.
My standard systems have an initial stop loss point and then some kind of a trailing stop. These I still want in my system. But, If I enter a trade and the market goes sideways i.e. not stopped out and not making a profit, I want to be able to exit.
This requires some kind of a time & %return exit.
For example, If after 1 week I have not made a 5% return then exit regardless of price based exit stops.
Thanks,
Neil.
I saw that version 4 was coming out soon, so I thought that I had better get in quickly with this wish.
I wish to be able to exit a trade if the trade does not return a certain amount of profit in a certaion period.
My standard systems have an initial stop loss point and then some kind of a trailing stop. These I still want in my system. But, If I enter a trade and the market goes sideways i.e. not stopped out and not making a profit, I want to be able to exit.
This requires some kind of a time & %return exit.
For example, If after 1 week I have not made a 5% return then exit regardless of price based exit stops.
Thanks,
Neil.