trailing stop that follows the VWAP in DAS Trader?

[Matt 8]

Hello,

is there a way to create an automatic trailing stop that follows the VWAP in DAS Trader? or any Moving Average?

thx!

 

Mathieu

 

Edited September 15, 2023 by Mathieu

[Niko 0]

On 9/15/2023 at 6:36 PM, Matt said:

Hello,

is there a way to create an automatic trailing stop that follows the VWAP in DAS Trader? or any Moving Average?

thx!

 

Mathieu

 

Hi Mathieu,

I'm wondering if you found an answer to your question ?

[Matt 8]

I think it's not possible in DAS, but I use a trailing stop when I need it.

[lee_lesemann 0]

Update: I asked the DAS support team if this is possible in July 2024 and they said it is not possible to set trailing stops based on indicators. 

[Matt 8]

@lee_lesemann thz for the update.

[peterB 327]

On 8/11/2024 at 2:26 PM, lee_lesemann said:

Update: I asked the DAS support team if this is possible in July 2024 and they said it is not possible to set trailing stops based on indicators. 

Well, it is possible in 2 ways. One is described here

it is not a traditional order therefore das support has to tell you that this kind of order is not possible (on the brokers side) but you can manage your orders on your pc. with its own challenges of course, nevertheless it is proven to work and I use it every day with success

On another note, trailing vwap as a stop might not be the best idea as if you look at any chart the vwap bounces happen but the vwap is often tested. Luckily with the method linked above you can calculate your trailing stop easily to be slightly below/above vwap

Edited August 13, 2024 by peterB