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Does anyone here know how to set up a fixed trailing stop loss in a
metastock exploration (8.0 End of Day) that will work with trade Sim?
I've found a formula on the net but not being a programmer don't
really understand it or how to work it into a set up so that it works
with Trade Sim
If(cum(1)=1,
{then} Close,
{else} If((C*1.1) <= PREV,
{then}(C*1.1),
{else} PREV));
I'm using two triggers. But I've got no idea of how a fixed trailing
stop loss would be set up. Perhaps as a trailing band (similar to the
volatility and standard diviation stops) so the "volatility" for the
band could be the fixed trailing stop loss forumula?
I would imagine the set up might work as below but if anyone knows for
sure, has done a fixed trailing stop, I'd love to know how you did it.
Trigger1:= (trade system exit conditions);
Volatility:= (trailing stop loss formula?);
BandLong:=ExtFml("TradeSim.TrailingStop",
Trigger,
Long,
Volatility,
CLOSE,
ExitTrigger:= Trigger1 or Trigger2
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