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Trailing Stop That runs off of Equity

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Rob3068
5
Rob3068  

Has anyone ever heard or does anyone know about an indicator that runs off of the equity in your account rather than the pips per trade?

- Thanks

Scorpion
4110
Scorpion  

It would need custom charting software to do that. Excel might do the trick since it has built-in moving averages. You would then need to export your trade records to CSV file and open it in excel. In Excel, you can plot the balances in a chart and add moving average indicator using the chart functionality.

I stumbled across a TA Library for excel which covers a lot more indicators. Try "Ta-lib excel" in google.

P.S. I didn't see "trailing stop" in title. You mean you want the indicator to automatically close the positions.

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