Entry Trailing Stop V2

This script is simulating a trailing stop limit buy/sell order with exact levels.

With the first parameter you can adjust the distance of the limit entry in percent based on the last high (long order) or low (short order) and with an second parameter you can setup the valid time of the order in the market.

For example:

Your trading system gives you an long signal at 100 and the adjusted distance is setup to 1%.
The money management is simulating now a limit buy order with 101 (100*1.01) or the first day.
If the price is going higher than 101 the order will be executed otherwise the limit will be adjusted to a new limit, based on the last high.
Maybe the price is going down to 98 then the new limit is now 98,98 (98*1.01) and so on.
If the valid time is exceeded the order will cancelled.

On the old version, there was a small bug with the order type.

Technical Analysis

• Stop Mgmt v 1.1
• Up/Down Volume Spread
• Positive Volume Index
• Gold to Silver Ratio
• Maximum Drawdown Composite Indicator
• Random Value for Each Trading Bar
• Sleep Well Bond Rotation Strategy V1.0
• Head and Shoulders Pattern Index
• Percentage of new highs to total market
• Transform any order into a limit order selectively based on a trading rule
• More trading objects...

Fundamental Analysis

• Short Indicator
• Commitments of Traders
• Two Consecutive and Positive Earnings Surprises
• Number of dividend payments per day in the U.S. Stock Market
• Business Outlook Survey
• Earnings Whispers: Whisper Report
• US Stocks: Size & Share Volume
• Detect and Display Potential Splits on a Chart
• Business Outlook Survey diffusion indexes
• Earnings database
• More trading objects...