DeMarker Signals with Pending Orders and Trade Management

Summary

This document describes an adviser that uses the DeMarker indicator to generate signals and place pending limit or stop orders. It checks for a signal only when a new bar begins, then sets the pending order at a configured distance from the current price. A maximum-spread setting can suppress a signal when spread is too wide, and a money-based target can close all open positions and remove pending orders once reached.

Trade management options include stop loss, take profit, and trailing stops. The trailing feature can be set to activate only after a position reaches a specified profit in points, functioning like a breakeven threshold before conventional trailing begins. The description gives no DeMarker settings, entry rules, market or timeframe guidance, test results, or performance evidence. It therefore explains configurable mechanics, but does not establish that the approach is profitable or specify how to select its parameters.

Key ideas

• The adviser checks the DeMarker signal only when a new bar begins.
• It can place limit or stop orders at a configured distance from the current price.
• A maximum-spread threshold can prevent pending-order placement when spread is too wide.
• Stop loss, take profit, and trailing controls are optional trade-management features.
• Trailing can wait until a configured profit threshold is reached before activating.
• A money-based target can close positions and delete pending orders.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.