B/E and Trail Settings for MTDS

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MicroTrends Support

May 13, 2014 14:36

Originally from ticket #2877.

Hi,
Please help here. I am very confused regarding the settings..

My aim is the following

qty = 2
Stop - 15 ticks
Target 1 - 18 ticks
Target 2 = 0

I want that as soon as my Target 1 is achieved, the stop goes to B/E... Then AFTER that if the position moves favorably by additional 5 ticks (therefore the open P/L is 23 ticks), the Auto Trail kicks in 4 ticks behind and updates every tick..
Can you please provide me with the settings that would achieve this behavior.

Many thanx

0

• 

  MicroTrends Support

  May 13, 2014 14:36

  Tips:
  Parameter Help
  You can click any parameter to read the description of its settings in the bottom panel.

  Calc Modes SET ALL TO 0....for use defined settings - not adaptive

  E.G
  StopCalcMode=0
  Target1CalcMode=0
  Target2CalcMode=0
  CustomTarget1CalcMode=0
  CustomTarget2CalcMode=0
  CustomStopCalcMode=0
  BeSTopCalcMode=0
  BeOffsetCalcMode=0
  TrailStopTriggerCalcMode=0
  TrailStopOffsetCalcMode=0

  Quantity
  qty = 2 - means 2 lots per tradeunit. - total of 4 per 2 brackets
  TargetTradeUnits=2
  Quantity=1 - means 1 lot per unit. total of 2 per 2 brackets

  Stop
  Stop - 15 ticks.- StopLoss= 15 ticks
  BeStop= 15ticks
  BeOffset=0

  
  Targets

  Target 1 - 18 ticks - Target1 = 18 ticks
  Target 2 = 0 - Target2 =0 - means no target

  Trail Stop

  TrailTrigger=23
  TrailOffset=4
  TrailStopType=(Price) 3

  
  Trade Engine Interval
  General Param:
  Trade Engine - Management Interval can be decreased to speed this up... if need be... 0.25 for example

  
  Related Posts
  https://microtrends.zendesk.com/entries/62785816-MTDS-Trailing-Stop-Stetting

   

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