I have tested two variations of trailing stop losses with rithmic and neither of them worked. both of the stop losses work on sim but now with rithmic. Here is how I calculated the trailing stop losses:
1. Storing the highest price since entry execution in a double value. Then in the unmanaged order submission subtracting the desired trail stop value in ticks from the highest price.
2. If I want a 5 point trail stop and my target to begin the trail stop is 15 points, I have created a int value that increases every tick (tickCount++) and the stop loss limit will increase a tick with it. Then I add 10 points (15-5) to the average price that will increase every tick.
I would appreciate help from anyone who has dealt with rithmic and have successfully created a stop loss or have any idea how else I should approach it.
Thank you,
John
1. Storing the highest price since entry execution in a double value. Then in the unmanaged order submission subtracting the desired trail stop value in ticks from the highest price.
2. If I want a 5 point trail stop and my target to begin the trail stop is 15 points, I have created a int value that increases every tick (tickCount++) and the stop loss limit will increase a tick with it. Then I add 10 points (15-5) to the average price that will increase every tick.
I would appreciate help from anyone who has dealt with rithmic and have successfully created a stop loss or have any idea how else I should approach it.
Thank you,
John
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