Trailing Stop Loss

[jonathansilver]

Does ESignal offer the ability to have trailing stop losses. I have been previously using some software called Updata. I have attached a screenshot of a line chart which shows the trailing stoploss right below the line on the same chart. The software autocalculates the best fit stoploss or you can do an optomised stop loss. The final option is a manual stop loss where you choose whether you are interested in a long or a short position and then type in the percentage stoploss you want. Can someone please take a look at my screenshot and let me know if this can be done in Esignal?
Thanks a million.

[Doji3333]

something like this can be done...

in esignal, there is no "best fit stop system", but something like this can be created. It is just a matter of creating it with the logic needed to make it do what you want.

I have some systems that are LIKE this, but not exactly the same. One thing I would suggest is to use a "lowest low/highest high" for x bars, then +/- an Offset amount.

You could also do this when price is breaching a new price high/low, thus the stops will not change unless the market is moving in your direction.

B