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Question: Is there a Hotkey script that automatically sets a stoploss at the VWAP or another moving average? Even better if it continues to track it?
I’m just curious as to if it’s wise (or common) to place a trade when the action is below the VWAP. Say for instance you see an indecision doji and a trend reversal is starting to form.. or say a double bottom candlestick has formed and you see a reversal. Should trades such as these be taken? Thanks in advance.
i am fighting with some strategies i feel is not quite right, can suggest something here. I bought UAL after VWAP - 26.54 and was long but it went as false breakout, now i am in loss but while losing i added more to make it better averages, now UAL went completely down and probably will go up make it break even, but if i used stop loss, i will be stopped out long ago. fortunately i didn't. I am on SIM, so all virtual money, can you suggest if i am doing right?