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Incorporating trailing bar stop on entry
http://www.molanis.com/forum/viewtopic.php?f=3&t=6144
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Author:  quantumripple [ Fri May 01, 2015 9:14 am ]
Post subject:  Incorporating trailing bar stop on entry

Hi there,

I have been wanting to place a trailing one bar stop on entry in the attached .mol file.

Also, not sure how to define NO TRADE ENTRY for market gap opens

Please advise.

Thanks

Attachments:
IBR_SELL_1.3.mol [15.19 KiB]
Downloaded 823 times

Author:  quantumripple [ Wed May 06, 2015 7:07 pm ]
Post subject:  Re: Incorporating trailing bar stop on entry

Hi Guys,

Been a fair bit of time...haven't heard back.
Could anyone answer the query

Author:  molanisfx [ Thu May 07, 2015 11:25 am ]
Post subject:  Re: Incorporating trailing bar stop on entry

I really apologize for the delay. Our support person is away on pat leave for 2 weeks. We hope things get back to normal next week.

Author:  molanisfx [ Thu May 07, 2015 11:35 am ]
Post subject:  Re: Incorporating trailing bar stop on entry

Quote:
I have been wanting to place a trailing one bar stop on entry

You need to define the buy and close in a way that avoids overlap in the trading conditions otherwise you will buy and sell in the same bar. I mean the conditions to buy and sell cannot be true at the same time. In your ea I think that is the case.
Quote:
not sure how to define NO TRADE ENTRY for market gap opens

If you mean do not trade if there is a gap, you need to come up with a definition for gap that you are comfortable with
A gap can be as simple as open > previous close*1.05 (so the open is higher by 5%). The easiest way to define this is to use the ea signal builder icon. You define it visually comparing a bar with an indicator line.

Author:  quantumripple [ Thu May 07, 2015 9:25 pm ]
Post subject:  Re: Incorporating trailing bar stop on entry

Thx,

Will give it a try!

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