Referencing an entry price - Trading Software

Referencing an entry price

Glen
2017-07-10 21:34:44

Hi guys,

I'm trying to incorporate an exit condition based on buy in price.

Basically I want to create a stop condition that says the following:

- If the current price is <30% above the buy in price then the stop is 10%
- If the current price is >30% above the buy in price then the stop is 5%

I haven't created anything like this in the Money Management rules section, but am unsure if I can just code this into the stops under a Trailing Stop.

Thanks all for your time and help.

Regards

Conditional Trailing Stop Exit 2013-10-18 (by Dave W., uploaded several months ago)

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QuantShare
2017-07-11 15:21:57

I am not sure what you mean by " if I can just code this into the stops under a Trailing Stop.".
But what you are looking for requires that you implement a money management script. You probably would need to update the AMM script you referenced.

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