TWS Trailing Stop Question

Discussion in 'Trading Software' started by GrowleyMonster, Apr 12, 2021.

  1. Okay, let's say I am trading MNQ and watching 5min, 1hr, and 1D charts. Let's say I am buying a contract when it breaks the lower Bollinger Band line, and selling one contract when it breaks the top one. Now let's say on the 5 minute chart I expect a breakout "pretty soon". Is there a way to set a trailing stop under that top line that triggers only when it breaks out of the top line? Then, I will change my target on those contracts to the top Bollinger on the hourly chart and maybe drop one of my buy orders to the lower BB line on the hour chart. A few contracts I am just going to hold, on the 1 Day chart but I want to keep buying and selling in the short term with the rest.
     
  2. aptaique

    aptaique

    I think you should watch one time frame at a time when you want to make a decision. Watching a number of time frames at a time might not get you what you are looking for.