Alerts: Buy, Sell, Profit, Stop Loss example


Q:  Can you show me an example of  If study value is below value=# then buy 1 contract.   If trade position losses (x) points, stopped out.  If position gains (X) points close trade.  Only enter once per signal until trade is resolved.  I look at all the examples, but I am just not getting it. Any help would be great.  Please give an example of the following.

Study value # < number
buy 1 contract
do not enter another contract if long /close if short
profit when position > points
stop when position < points
sell 1 contract when
study value > number
do not enter another position is short / close if long
profit when position > points
stop when position < points

A:  Here is an example of all the steps mentioned.

Buy Signal study Alert:

Sell Signal study Alert:

The next Study Alert combines the Profit Exit and the Stop Loss Exit since both signals use the same Action of Exit Any Position.

So the example use a Stochastic study, and three Study Alerts to implement the Buy, Sell, and Exit signals.  This system does not make money.  It is shown to illustrate the Study Alert selections for the Categories and the Trading System Actions.

Last modified 1/15/08 6:28 PM