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                                                   Referencing an entry price

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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

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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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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.