Thursday, September 23, 2021

Trailing Stops Order Project Details

Avg Bid (USD)
$ 35
Budget (USD)
$ 20 - $ 50

Project Description:

A stop-loss order set at a percentage level below the market price, for a long position. The trailing stop price is adjusted as the price fluctuates. The trailing stop order can be placed as a trailing stop limit order, or a trailing stop market order.

Also known as a Trailing Stop Order.

This is such a useful tool, yet many fail to use it. Using a trailing stop allows you to let profits run while cutting losses at the same time.

For example, if a long trade is entered at 4000, a ten tick trailing stop might be placed at 3990. If the price then moved up to 4010, the trailing stop would move to 4000. If the price continued up to 4020, the trailing stop would move to 4010. If the price then moved back down to 4015, the trailing stop would stay at 4010. If the price continued down and reached 4010, the trailing stop would exit the trade at 4010, having protected ten ticks of profit.

Skills Required:

Expert Advisers/Auto Trades
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(6 Reviews)
Posted On: 01-10-2012

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Greetings, I'm interested to work on trailing stops order project. Writing VTL code for this project will take around 1 day including testing and another 2 days for extra testing to ensure correct results. Best Regards

(0 Reviews)
$ 35
3 Day(s)
Bid on: 27-06-2012