"Chandelier stop"

Discussion in 'Risk Management' started by Tom1234, Aug 2, 2009.

  1. Tom1234


    Can anyone tell me if Tradestation has the "Chandelier stop" as an option to exit trades? If so, has anyone tried it and how well does it work from you experience?


  2. There is probably code to import in their forum for it.

    As I recall, it's just a multiplier x ATR backed-up from a high (or added to a low), so you could code it into a strategy yourself anyway.