CoherenceTrader New User Posts: 3 Joined: 3/27/2006  User Profile | I was hoping someone could show me a hybrid way to perform this tradeplan. I wish to exit in two steps with 50 percent of my position.Mr. Dean helped another client with this before on this site. But i wish to establish my target price, stop loss price and trailing stop. Here is what i would like to accomplish on the tradeplan. 1. Establish target price as + 22% of a 5 bar ATR 2. Establish a trailing stop of 5% 3. Establish Stop Loss level at (-) 18% of 5 bar ATR Tradeplan should perform a Ratchet exit in two steps 50 Percent of my position at first target 50 percent of my position at second target. Does anyone have any ideas on how to do this or improve on another post that was put on the forum in the recent past. Attached is that screencapture from prior post on this forum site. I just wish to modify this somewhat to my liking. I have tried to setup a tradeplan using the screencapture of prior effort by mr.dean and i am unable to build it since i cant find hotkeys for the syntax depicted. If you could make this template so i can deposit or import the tradeplan to omnitrader pro I would be most appreciative thanks.ric [Edited by CoherenceTrader on 8/30/2014 12:00 PM]  Attached file : Scale_out_in_two_steps.png (82KB - 530 downloads) |
