Automated Trading Machine (ATM) makes it simple to remove fear and greed from your trading. Automated trading is no longer just for the rich or nerdy. Our revolutionary software runs on your computer, using your trading rules, but none of your emotions. There's just one requirement - you know how to use a mouse. Learn more...
Maoxian Trading For Dummies With Trailing Stop
This adds a trailing stop to Maoxian's Trading For Dummies system. (One of) his trailing stop techniques is described in the very last paragraph of this page:
One simple way to trail a stop is to place it below the last "up" bar... an "up" bar is simply a bar with a higher high and a higher low than the previous bar.
| Direction | Rule Type | Rule Family | Line 1 | X / Line 2 |
| Long | Entry Rules | Line 1 is equal to Line 2 | VOLUME | MAX(VOLUME, 20) |
| Entry Rules | Line 1 is above Line 2 | Upper Bollinger Line (10, 2) | Upper Bollinger Line (50, 2) | |
| Entry Rules | Line 1 is falling | HIGH | ||
| Entry Rules | Line 1 is above Line 2 | CLOSE | EMA(20) | |
| Entry Rules | Line 1 is below X | Hours part of the bar's start date | 13 | |
| Entry Values | HIGH | |||
| Initial S/L Values | LOW | |||
| S/L Mgmt Rules #1 | Line 1 is rising | LOW | ||
| S/L Mgmt Rules #1 | Line 1 is rising | HIGH | ||
| S/L Mgmt Values #1 | LOW | |||
| T/P Mgmt Rules #1 | Line 1 is above X | Hours part of the bar's start date | 17 | |
| T/P Mgmt Values #1 | Exit At Market | |||
| Short | Entry Rules | Line 1 is equal to Line 2 | VOLUME | MAX(VOLUME, 20) |
| Entry Rules | Line 1 is below Line 2 | Lower Bollinger Line (10, 2) | Lower Bollinger Line (50, 2) | |
| Entry Rules | Line 1 is rising | LOW | ||
| Entry Rules | Line 1 is below Line 2 | CLOSE | EMA(20) | |
| Entry Rules | Line 1 is below X | Hours part of the bar's start date | 13 | |
| Entry Values | LOW | |||
| Initial S/L Values | HIGH | |||
| S/L Mgmt Rules #1 | Line 1 is falling | HIGH | ||
| S/L Mgmt Rules #1 | Line 1 is falling | LOW | ||
| S/L Mgmt Values #1 | HIGH | |||
| T/P Mgmt Rules #1 | Line 1 is above X | Hours part of the bar's start date | 17 | |
| T/P Mgmt Values #1 | Exit At Market |
- Login to post comments
Recent blog posts
- New Release: v3.0.3 - Everything Except Autotrading
- Mid July 2010 Update
- Start of June 2010 Update
- New Release: v3.0.2 - Copy, better error message, more options
- New Release: v3.0.1 - The Stabilise-ening
- Ah, The First Bug [Fixed in v3.0.1]
- New Release: v3.0.0 - The Rewrite
- Start of February 2010 Update
- End Of 2009 Update
- New Release: v2.0.10

Recent comments
20 weeks 5 days ago
35 weeks 6 days ago
41 weeks 4 days ago
41 weeks 4 days ago
48 weeks 23 hours ago
49 weeks 3 days ago
1 year 4 weeks ago
1 year 4 weeks ago
1 year 6 weeks ago
1 year 11 weeks ago