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I wonder if anyone has tried writing code for tightening stops as a profit
target is approached in TradeStation and can share same? Any direction /
suggestion would be appreciated.
Let's say my profit target is 30 points and my (optimized) trailing is 18
points. This static approach works fine but ...
Lets say that the position is 26 points in the money. It seems absurd to
risk 18 points for the hope of getting another 4 points (30 less 26). I
wonder if there is a way to tighten trailing stops as you approach the
profit target so that the risk / reward is balanced?
Thank you,
Navtej
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