How to move stoplimit thresholds?
On Sun, 2011-11-27 at 19:37 +0100, Heiko Stegmann wrote:
It seems like you are describing a 'stoptrailing' order type.
Hello Brian, well.. I am not sure. There seem to be many different definitions of trailing stops. I suppose a stoptrailing order to constantly trail the stop as long as the price is moving away from it. What I want to do is to trail the stop only once, e.g., when the trade has reached break-even. The quantstrat documentation on stoptrailing orders is not clear to me in this respect. Is moving the stop only once what stoptrailing orders in quantstrat are doing?
No, it constantly moves the order. It wasn't clear from your first message that you only wanted to move it once. I suppose if I wanted to do that, I would use a crossover signal, and then add a second (later) stoplimit exit or risk order, replacing the first.
Brian G. Peterson http://braverock.com/brian/ Ph: 773-459-4973 IM: bgpbraverock