Click here to Login








Disable or Enable your Stop Rules

by Brian Brown, 535 days ago
Share |






If you have a stop rule and you want to disable it under certain circumstances then this script may help you achieve this.

By adding this money management script to your trading system, you are going to change the stop default behavior.
In order for your original stop rule to be applied, the analyzed stock must also pass the stop rule as defined by you.

Say for example, you want to apply a 10% stop loss to your trading system but you want that stop loss to be applied only for stocks whose relative strength index is below 30 (on the bar the stock drops below 10% and thus the stop loss becomes active).
You can so by:
- Adding a 10% stop loss to your trading system
- Adding the current money management script to your trading system (download it first, edit/update your trading system in QuantShare, select "Money management" tab at the top then click on "Add an existing money management script"
- Updating the "Stop Rule" under "Money management variables" in the simulator manager

In our example, you just need to add the following rule:
rsi(14) < 30

Note that this money management script works with the different stop rules (Stop, trailing, profit and N-bars)


Share This ->
Share |


You have to log in to bookmark this object
What is this?




Type: Advanced Money Management

Object ID: 1626


Country:


Market:

Style:

Reviews
You must log in first

Join now
and get instant access for free to the trading software, the Sharing server and the Social network website.
Click here


Related objects

Empty

Number of reviews
Click to add a review
Average rate
Click to rate this item
Number of times this object was downloaded
Number of rates the current object received
Report an object
if you can't run it for example or if it contains errors
Click to report this object

Technical Analysis


Fundamental Analysis



Random Blog Posts

How to Create Your First Meta-Strategy

QuantShare Trading Software: New Features in the 3.4.1 Version

How to Scan for Parallel Resistance and Support Lines

QuantShare Trading Software: New Features in the 3.4.0 Version

Advanced Tactical Asset Allocation Strategies

Create Your Own Tactical Asset Allocation Strategies

QuantShare Trading Software: New Features in the 3.3.2 Version

How to use the new Market Regimes Feature in QuantShare Trading Software

Show All

Number of reviews
Click to add a review
Average rate
Click to rate this item
Number of times this object was downloaded
Number of rates the current object received
Report an object
if you can't run it for example or if it contains errors
Click to report this object






QuantShare
Product
QuantShare
Features
Create an account
Affiliate Program
Support
Contact Us
Trading Forum
How-to Lessons
Manual
Company
About Us
Privacy
Terms of Use

Copyright 2017 QuantShare.com
Social Media
Follow us on Facebook
Twitter Follow us on Twitter
Google+
Follow us on Google+
RSS Trading Items



Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.