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Forum Member
 
Group: Forum Members
Last Login: 7/16/2011 9:47:02 AM
Posts: 34,
Visits: 192
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| Hi, I have found this tipe of order, "Trailing Entry order" in the Manual on line but I have not info about use it. Someone know something ?
Edited: 8/25/2010 3:41:57 AM by medebaby
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Supreme Being
Group: Forum Members
Last Login: 1/27/2012 12:53:25 PM
Posts: 201,
Visits: 295
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Hi, Medebaby
Trailing entry order is the same as trailing stop order. You can find descriptions of it in the manual and see how it works using this strategy: Trailing Stop
http://www.actfx.com/Download50030.aspx
Best regards!
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Forum Member
Group: Forum Members
Last Login: 7/16/2011 9:47:02 AM
Posts: 34,
Visits: 192
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| Thank you, I have reed the link but I don't understand what kind of name I have to write in the strategy to open trailing entry order. Actually I use the desciption below for the Sell : CreateEntryOrder(History.Instrument, Account, Amount, bsSell,History.Instrument.Sell - AbPrice*Point,
History.Instrument.Sell+AbPrice*Point+Stop*Point,
History.Instrument.sell-AbPrice*Point-Limit*Point,
otEStop,'EntryStopSell'); and for Buy : CreateEntryOrder(History.Instrument, Account, Amount, bsBuy, History.Instrument.Buy+ESRate*Point,
History.Instrument.Sell+ESRate*Point-400*Point,
History.Instrument.Sell+ESRate*Point+Limit*Point,
otEStop, 'EntryStopBuy'); Thank you
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Supreme Being
Group: Forum Members
Last Login: 2/3/2012 12:14:37 AM
Posts: 444,
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The idea of Trailing Entry orders brings to mind a new thought that someone tried to address months ago but didn't know how to say it.
Imagine that you had an open Buy trade. Now, let's add an imaginary position called an Advancing Open that follows the Buy around 20 pips above it. Now, let's say that the Buy moves up, say, 50 pips. Then it starts to move back down, dragging the Advancing Open down with it but always 20 pips above it. When the Advancing Open crosses the highest point that the Buy went to, then something happens. Either:
1. A new Buy or Sell is opened... or both;
2. The Open Buy is closed;
3. Any combination of the above.
This would work in reverse with a Stop trade opened
Another thing you could do is to use a Trailing Stop to open a new reverse position at the time that the TS closed the first one.
Is this what Trailing Entry Orders do?
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Forum Member
Group: Forum Members
Last Login: 7/16/2011 9:47:02 AM
Posts: 34,
Visits: 192
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| Hi, I have found this kind of order on the manual but it is not in the pop up of the order. So, it is interesting test the functionality, and I want try with a strategy, but I don't know what name I have to use... I think that it run like a trailing stop, but for an entry limit order ... best regard
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