Can TrailLock be adjusted in a TMF?

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by 7th_zorro. 05/11/24 09:25

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Can TrailLock be adjusted in a TMF? #437683 02/22/14 18:09 02/22/14 18:09
Joined: Jul 2013 Posts: 522 D dusktrader OP User
dusktrader OP User D Joined: Jul 2013 Posts: 522	I'm trying to set and unset TrailLock in a TMF, but it doesn't seem to be working the way I want. Perhaps it is not even possible to set TrailLock after you're already in a trade? The initial trade is opened without a TrailLock setting (ie default 0) but in my TMF, if the profit level reaches a threshold, I want to set TrailLock to both a) lock a majority of the existing profit; and b) still allow the trade to run if it is currently experiencing strong momentum. If TrailLock cannot be selectively set/changed inside a TMF, then does that mean I have to essentially calculate the TrailLock percent manually inside the TMF and use a hard stop level? Is there an easier way to accomplish this? Thanks

Re: Can TrailLock be adjusted in a TMF? [Re: dusktrader] #437693 02/23/14 09:33 02/23/14 09:33
Joined: Apr 2008 Posts: 586 Austria Petra Support
Petra Support Joined: Apr 2008 Posts: 586 Austria	I am pretty sure that TrailLock, Stop and so on are only for entering a new trade and don't change already open trades. Quote: All entry and exit parameters must be set before calling enterLong / enterShort. They have no effect on already entered trades. For changing a stop or profit target of a particular trade after it has already been opened, use either a TMF, or call exit with the new target

Moderated by Petra