Need to adjust the implementation of initial stop loss and profit for Multicharts.

I mainly focus on the trading  in futures markets. Some instruments have a wide history price range. So the fixed pips SL and PT is not very suitable.


But there is a small problem with the current implementation of SL and PT, Because it will calculate every bar.


IF we use ATR or indicators for initial stop loss,
1, Reward-risk ratio will change.
2, Initial stop loss with only atr will have minor adverse move.
3, Initial stop loss with indicators will become to be a trailing stop, That will weaken the effect of the exit rules or the trailing stop method, or cause logical confusion.


I have post it in forum too.
https://strategyquant.com/forum/topic/sl-and-pt-with-atr-for-multicharts/




We can set fixed initial stop loss and profit target in Multicharts, before or at the same time of entry. I have tested it many times and it should work this way without problems.


Please reconsider my suggestion, thank you.

Attachments
No attachments
  • Votes +1
  • Project StrategyQuant X
  • Type Bug
  • Status Refused
  • Priority Normal

History

e
#1

eastpeace

30.12.2019 09:51

Task created

e
#2

eastpeace

20.05.2020 15:41
Voted for this task.
MF
#3

Mark Fric

23.05.2020 13:36

Status changed from New to Refused

sorry, but we will not change our current implementation

Votes: +1

Drop files to upload

or

choose files

Max size: 5MB

Not allowed: exe, msi, application, reg, php, js, htaccess, htpasswd, gitignore

...
Wait please