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Navtej,
Check out the Parabolic Stop indicator. It's a standard trailing stop
method that gradually keeps moving the stop up behind the price bars.
Sounds like it's what you are looking for.
AD
----- Original Message -----
From: "Navtej S. Nandra (RR)" <nnandra@xxxxxxxxxx>
To: <omega-list@xxxxxxxxxx>
Sent: Wednesday, August 06, 2003 3:21 PM
Subject: Tightening Trailing Stops Qs.
> 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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