Conditional order using TrailStopLX and TrailStopSX trailing by ATR value


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Hello…

 

Thank you for your service !

Can you please provide a Thinkscript to use in a conditional order to exit Long Call Option position using TrailStopLX?  I would be trailing by 1 x ATR.  Similarly, can you also provide the opposite side of this? i.e. to exit a Long Put Option position using TrailStopSX trailing by 1 x ATR above the current price of the underlying.  Thank you very much !

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Posted by (Questions: 1, Answers: 1)
Asked on November 2, 2018 1:56 am
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Private answer

Sorry but neither of these pieces of code are supported in the Conditional Order. These pieces of code use something called “recursion” at their very core. And recursion is not supported for Conditional Orders. There is no work around, folks in the forum have already hashed this about for a bit.

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Posted by (Questions: 37, Answers: 4090)
Answered on November 2, 2018 8:14 am