Make Profit Action SL adjustments relative to Profit Target
under consideration
G
Gmoney
Currently, a profit action is triggered at a user input profit target, and the Stop Loss adjustment is made relative to whatever the "top of minute" price is. For example:
Initial trade credit = $10
- At profit target of 50% (ie. $5), adjust the SL to 100%
- First data point exceeding 50% PT is $2
- Stop loss is adjusted to $4
User is expecting the stop loss to be adjusted to $10 (100% of $5)
In this case, the trade will now be stopped out at $4, not 10$.
@
@wizzy
This would be perfect if implemented as a three-way toggle ...
Relative to [original / current / target] price
* by 'target' I mean the trigger price, which is sometimes different to the actual current price. Personally I think 'current' could be deprecated, however there are probably a lot of existing backtests which have used it
r
rusty.moorman@optionomega.com
under consideration