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I’m looking for better perfomance in my FLOATING PL on 90 days, I realized that I don’t have any stop loss to exit the position with a small loss and I want to have an better accuracy in the FLOATINGPL . – Is there a way to say in the strategy: if in the next bars price is exceeding this level then close position? – Is there a way to avoid flat areas, when there is not a lot of mouvement ? I don’t want any orders during those periods. Thanks a lot
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Chart strategies are very complex and are not for those just beginning to learn to write code. There are several built-in chart strategies that function as stop loss exits. You can add any of those to your chart and adjust the settings to get the desired behavior. If you don't have advanced knowledge and years of experience writing code you should NOT attempt to create your own chart strategies. Just because you can, does not mean you should. Thinkorswim may make it very easy to create your own custom chart strategy. However there are no safeguards that prevent you from creating a chart strategy that produces results impossible to achieve in live trading. As for how to avoid trading when markets are flat. If I could answer that question I would be a multi-millionaire and this Q&A forum would not exist. It's like asking an alchemist to make gold out of lead. It's never been done. Marked as spam
 Posted by Pete Hahn (Questions: 37, Answers: 4118) Answered on March 28, 2020 8:51 am
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