• Overview
• Notes for Beginning Investors
• Charts
• Systems
• Systems Library
• Trades
• Investor Defined Bar Patterns
• Indicators
• Pre-Defined Bar Patterns
• Point and Figure Bar Patterns
• Designer
• Backup
• Bad Data
• Toolbar
• Data Types
• Groups
• Futures
• Relative Strength and Delta Relative Strength
• Exchange
• Support

A entry stop is the point in a trade that a trader will get out of the trade if it goes against him or her, based on the entry price of the trade.

The calculation is performed as follows:

If it is a long trade, take the opening price of the bar you entered the trade on and multiply it by the desired entry stop percent and subtract this value from the open of the entry bar. If it is a short trade, take the opening price of the bar you entered the trade on and multiply it by the desired entry stop percent and add this value to the open of the entry bar.

Please note that if the data you are using has no open quotes, the open value that will be used is the low of the bar plus the high minus the low of the bar divided by 2:

Low + ((High - Low) / 2)

Calculation Example