does a automated trade strategy already exist to allow for what i might call decaying trail limits.
The basic idea is that when a trailing stop is applied, the stop range would initialize at say 10 tics, but as the market moved in your favor, the stop range would tighten up either linearly or exponetially to preserve more profit.
There are obviously some details in defining setup criteria but wanted to float the general idea first. hopefully someone has already coded this....
The basic idea is that when a trailing stop is applied, the stop range would initialize at say 10 tics, but as the market moved in your favor, the stop range would tighten up either linearly or exponetially to preserve more profit.
There are obviously some details in defining setup criteria but wanted to float the general idea first. hopefully someone has already coded this....
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