follow trailing stop level

• 07/01/2021 at 2:07 PM #172884
  ausrod

  When trading on charts with IG – there is a limit to how close the stop can be dragged to the current price. Is there a way of following that with programming. It would be like a trailing stop but protect profit as it goes. Even better would be to do so in a lower time frame. I can see how to set a trailing stop but what i dont know is how close i can drag it – it is shown on the charts if you trade on the charts bur can i get it in prorealtime?

  

  ausrod

  Participant

  Topics: 3

  Replies: 10

  Been thanked: 0 times
  07/01/2021 at 2:18 PM #172885
  robertogozzi

  Automatic trading cannot be combined with manual trading.

   

   

  

  robertogozzi

  Moderator

  Topics: 69

  Replies: 18044

  Been thanked: 4611 times
  07/01/2021 at 2:49 PM #172888
  ausrod

  Oh yes im fully aware. -but i would like to have a similar strategy where i can follow up (or down) with the tightest allowable (guaranteed) stop  – i am wondering can i code that? is the allowable difference available somewhere per market? I get the impression it could change dynamically

  

  ausrod

  Participant

  Topics: 3

  Replies: 10

  Been thanked: 0 times
  07/01/2021 at 2:54 PM #172889
  robertogozzi

  There’s no way to know what that limit is.

  It’s just a matter of asking IG what’s the most common distance, then give it a try until you reach (or get as close as possible to) that limit.

  On DAX (Germany 30) it’s usually 6-7 pips, buy may change during the day.

   

   

  

  robertogozzi

  Moderator

  Topics: 69

  Replies: 18044

  Been thanked: 4611 times
  07/01/2021 at 2:56 PM #172890
  ausrod

  Thanks for that – i guess a different way of looking at it – if i try to set it too close what will happen? Will the system fail? As you indicate it does change. Would tehre be a way of ‘chasing’ it somehow?

   

  It is possible to see it in manual trading – Im suprised there is no way of returning that variable.

  

  ausrod

  Participant

  Topics: 3

  Replies: 10

  Been thanked: 0 times
  07/01/2021 at 3:02 PM #172891
  robertogozzi

  No there’e know way to know it.

  If the distance is too close your strategy is stopped.

   

  

  robertogozzi

  Moderator

  Topics: 69

  Replies: 18044

  Been thanked: 4611 times
• Author
  Posts