Hi guys I am a newbie to trading so am a novice to PRT and its many great functions.
Hey libbo2003! Finally you are here, welcome on board. Is it your dog? 🙂
What are you trading?
hi nicolas thanks for the help getting me into your site, I trade the dax using 30 minute charts going down to 5 minutes for my scalps, so am interseted in any indicators that are good for scalping ans where to place stops.
Stoploss or not stoploss in scalping trading is a long debate, some prefer psychologic ones (amount of money loss) others deal with support/resistance, last highs/lows.. What indicators are you usually use for your scalping anyway?
I am currently using safe zone as my stop on a 5 minute chart
I have posted some stop loss / trailing stop indicators today in the library for your interested.
About the safe zone, are you referring to zone between a moving average and an ATR?
hi Nicolas it is
SafeZone Stop – Elder
downloaded from PRT actual indicator library.
So any particular indicators should I look at?
Hi Nicolas
is there a coding I can use to place a 10 point stop in the dax that moves to +1 in profit when the price moves to +7 onside?
Thank you.
Hey libbo, sorry for the delay of answering. There are no other ways to deal with trailing stop than to use the default platform one, as a trailing stop made by code would only act on ProOrder trades and not manual ones.