Trailing Stop

Friends of the forum and Mark. I would need to implement a strategy with the following Trailing Stop:

– Just my profit is 4 pips (the stop loss was a 20 pips) the stop loss becomes equal entry point;

– If I go to gain a new one (1) pip the stop loss (equal entry point) moves 1 pip.
.
Thanks for the help.

Regards

Bigape

Someone can help me?

 

Thanks

 

Its a little unclear to me:

You want a 1 pip trailing stop loss?
If its hard to explain, take a screenshot of a chart and use paint and draw on it what you mean.

Also for future reference- you must be patient on this forum, it is not checked everyday. 🙂

I think I understand. You want to set SL to break even (entry price) once you reach 4 pips profit, and then trail it.

 

It is possible to do this using the settings in Enter at Market/Stop/Limit.

 

You have to set:

TS Activation Level to 4 – this will activate trailing stop once you are 4 pips in profit

Trailing Stop to 4 – once TS is activated it will trail SL by 4 pips

Hi Mark,

thanks for your reply: was exactly what i meant. Was easier than i has expected.

The code works fine.

 

Thanks to Threshold, too

 

Good staff.

 

Many thanks.

 

Regards

Bigape