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Charting and Studies User Guide - CQG.com

Charting and Studies User Guide - CQG.com

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Page 566<br />

placement for the stop or you may not even place it at all. Stop orders are an aid to judgment,<br />

allowing a trader to operate with less concern <strong>and</strong> more mental poise. We cannot<br />

overemphasize that stop loss orders should be used with every transaction. You should never<br />

carry a trade through a losing period just to prove to yourself <strong>and</strong>/or others that you were<br />

right. This type of trading will sooner or later eat up all of your trading capital.<br />

Cluster Parameters<br />

Parameters are:<br />

• Color <strong>and</strong> Weight<br />

• Period: Allows the user to choose the number of days to be evaluated.<br />

• Value: The value used for the projection line. The user may choose either the Open,<br />

High, Low, or Close.<br />

• Date<br />

• Time<br />

• ID: Includes a checkbox to allow the user to choose Current Only.<br />

• IdWt: Sets the thickness for the Id label.<br />

• ScaleLabel: If selected the vertical scale values for the lines will be highlighted.<br />

Third-Party <strong>Studies</strong>

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