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Thread: Trailing Open Order

  1. #1
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    Default Trailing Open Order

    Can some make an indicator that is like a trailing stop but to open orders, like a trailing place order. So if price moves up, you have a place order trailing 5 pips behind and when it reversed and goes 5 pips down the order is placed. The pip amount can be changed to any value and the order could be set to a buy or a sell.

  2. #2
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    Can be used to place an order on quick pull backs for breakouts, and to enter reversals when the market changes, like on TRO's "drain the banks" system. Also a TP, SL, TS.... should all be included.

  3. #3
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    Quote Originally Posted by thenikey View Post
    Can some make an indicator that is like a trailing stop but to open orders, like a trailing place order. So if price moves up, you have a place order trailing 5 pips behind and when it reversed and goes 5 pips down the order is placed. The pip amount can be changed to any value and the order could be set to a buy or a sell.
    You can do that with the Ninja Trader platform.

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Tags for this Thread

indicator, pips, stop, system, trader, trailing

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