ATR Trailing Stops

[horton]

Please consider adding an ATR Multiple setting for trailing stop alerts in addition to the percent option and the moving average option. I see ATR as an option for technical charts so I think you already have what you need internally to generate these. Also it would be great to have a global or default setting for ATR based stops to automate the setup.

[Mark]

Hi horton,

Thanks much for the idea/feedback. It would be good to expand the alert options.

[4Profits]

Mark,

I also would like a global TS entry that could be displayed as a color different than the alerts on my trends. I suggested something similar to this two releases ago with different colors for alerts. Now to take it a little further, You should be able to edit the default TS per investment and you should be able to run a report on it. It would be great to have the report triggered each day at say 6:00PM automatically so that you would have a list of all of your current investments, purchased price current price and trailing stop. It also would be great to do some simple math between report columns.

Thanks,

Jim

[4Profits]

Mark,

If you do put in a trailing stop feature it should have multiple ways to track the stop. At a minimum I would like to suggest:
1. Fixed Value
2. Trailing % of close
3. Trailing $ of close

Jim

[Mark]

Hi Jim,

Thanks for all the feedback.

There is already a trailing stop loss alert available. You can customize the alert on a per investment basis, and you can have as many different alerts set as you want, each with different settings. The trailing stop loss alerts are set as a percentage of the closing price. The trigger level goes up with the investment's price, but doesn't go down (standard trailing stop loss methodology).

There isn't a real good "report" on all your alerts today, but you can view them all in the Data Register, under the "Alerts" data type.

There are also standard alerts, that you set at a fixed price, and can be triggered off either the closing price, or a moving average of the price.

All alert markers are displayed on graphs in the same color, but their color can be set separate from the trendline color.

Being able to do math on report columns is something we would like to add. I'm sure that would be a good improvement.

[4Profits]

Mark,

I use the alerts within FM all the time. The reason I responded to this post was that they wanted a global setting. I think that would be a great idea. I would like to have a different color for my critical Trailing Stop. I also think it should follow what most investment houses offer of Trailing stop based on a % or a Fixed $ from the high close. I would like to differentiate between alerts and a trailing stop so that a report could be written on just the trailing stops and not include all alerts, but that would involve this field to be added for reporting.

[Mark]

Hi Jim,

What are you looking to set in a "global setting"? I understand the rest of your items, but wasn't clear on what you'd like in a "global setting"?

[4Profits]

I would like a Global Default for a new Trailing Stop. Say I normally use a 20% trailing stop I could set that in my global settings. Then any time I enter a new stock it would automatically enter a 20% trailing stop that would be charted along with the stock price. I should then be able to go in and adjust it to 15% or 10% or even to say a $3.25 trailing stop.(% or $) My trailing stop would have a different color than my alerts, and I could run a report every evening that showed all my stocks, price and trailing stop. One simple report that tells me a lot.

It would be a bonus to have my report automatically triggered from the windows event system or from within FM at a preset time every day or e-mailed.

[Mark]

Hi Jim,

I understand. Thanks for the clarification.