MTDS Trailing Stop Stetting

Originally from ticket #2869.

Tom,
Can you please help me verify/correct the Trail Stop settings. Please see attached.

My Target is 10 ticks, Stop 15 ticks

My trade size is 2 lots.

1st Tartget out at 10 ticks, 2nd target on Trail exit

I would like the trail to Kick in as soon as the 1st target is taken out and the trail stop initiated at 5 ticks behind....

Are the settings I have going to behave that way?

Also, what about if I want to tighten the trailing stop from 5 ticks to 3 ticks if the second target goes through 20 ticks? What would I need to do...

Any pic help with settings for the latter (and former, if incorrect) be very helpful

Thanx

I would like the trail to Kick in as soon as the 1st target is taken out and the trail stop initiated at 5 ticks behind....Are the settings I have going to behave that way?

No it wont as you have an ATR Median trail stop set.

trailing stop type = 4 - (change to 3)
trail trigger =10
trail offset 5

so after 10 ticks it will trigger and follow the trails stop 4 - ATR Median middle band - +/- the offset.
You can see what it does historically - pink dots - to understand how it trails in before live etc.

I think you are saying trail by price + offset.

Trail Trigger = the same as target
Trailing Stop Type = You can see the parameter value listed for that in the description for the parameter in the pane below bottom right - you can resize it to read it all vertically - you can do the same for any parameter click and select the parameter you want to read about etc..

Chose from:
1 Low/High 2:Prev Low/High, 3:Price, 4:ATR Median, 5:ATR Median Bands Low/High
Trailing Stop Type = 3 would fit trailing price - however be aware this trails price every n milliseconds not on each tick to save performance .

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

Trail offset= 5
onbarupdate - at t2 in your code set the Trail Offset= your new value 3
on a new trade remember to reset to the old value
this.TrailStopOffset = N

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