Many traders offset their Entry Stop and Stop Loss Stop a number of Ticks (ie the market's minimum price movement) beyond the high and low price of a signal bar.
The Minimum Price Movement (or "Tick Size") can be found by searching for the market's specification on the exchange where it is traded, but the Auld Tyma found this be a convoluted exercise, so developed a quick way of finding it from the chart on the screen in front of him.
The Minimum Price Movement Tool is a complied Tool created in Optuma Pascal and published as "MinPriceMove.olt " file. The Tool must be copied into the Optuma User's "Documents>Optuma>Local>Custom Tools" folder. Thereafter it will be listed as a Custom Tool in the Optuma Tools Menu .
The Minimum Price Movement Tool can also be used as a function in Optuma Scripts as MINPRICEMOVE(), returning the value which can then be used for calculating offsets in pattern analysis and market scans.
The Minimum Price Movement Tool will be sent to you by email within 2 Business days of receipt of your payment of AUD$35.00 and, most importantly, your Optuma Client ID (not the Username) which can be found in the Optuma "Help > About" dialogue.
Click here to make your Payment via the PayPal web portal.
On the PayPal Page: Please ensure you click the "Write a Note (optional)" label and type in the reason for your payment. Don't forget to include your Optuma Client ID.
The Analysis Results, Analysis Tools and Auld Tyma Chart Data are provided on an "As Is" basis and the USER uses it at their own sole risk. No liability whatsoever shall be accepted by the Auld Tyma or Auld Tyma Data for any outcome whatsoever arising as a result of the use of that material by the USER.
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