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FC Trail Stop Based on Percent of Profit

$49.99

This study monitors the Open Profit and Loss of a trade and if the Trigger profit has been reached, the stop will be moved to a price that is equal to the Percent Profit Setting. So if the Current Open Profit is 10 points and the Percent Profit to move the stop is set to 80% then the stop will be moved 8 points from the entry in the direction of the trade. This will continue until the Stop or Target is hit or the trade is canceled. As the Profit Increases, the stop will move accordingly, based on the same percentage.

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Description

FC Trail Stop Based on Percent of Profit is a study that you can add to any chart.

Features:

  • Set a Profit Trigger Point at which Trailing Begins, say 10 points.
  • Set  a Percent Profit: 80%
  • When in a trade, once the Trigger profit of 10 points is hit, move the stop to  80% of the current profit.

Continue to move the stop as Profits increase.

 

This product is included in the FC Trailing Stop Manager, which includes:

    • ATR-Based Volatility Trailing Stop
    • N-Bar Back Trailing Stop
    • Percent of Profit Trailing Stop

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