move SL to Break even lock profit
4 replies
roen roen
2 years ago #276995
My strategy need used 2 steps of move SL to breakeven lock 2 profits
For example: in long trade step1,2 using Move SL 2 BE and Move SL 2 BE Add pipis methods.
Step 1: when if profit price attached 10 pips then move SL to 7 protected 7 pips,
step 2:if profit price attached 12 pips then move SL from 7 to 10,then protect 10 pips,
Step 3: If Profit price over than 12 pips according by other condition rules (indicators, signals or trailing stop…. ) to exiting.
How to do this for Strategy Quant and Algowizard
Thanks a lot
tomas262
2 years ago #277001
Hello,
you need to setup a manual trading stop-loss move using 2 new conditions. You need to combine the Open PnL (pips) function together with the “Set Stop-loss”
Check the example attached
劉以撒
1 year ago #277734
How can I make the stop loss condition also work in easy language?
tomas262
1 year ago #277736
Hi,
to make it work in EasyLanguage use default SQ blocks for TSL and Move SL2BE. It is evaluated once per bar only
roen roen
1 year ago #277807
Thanks Tomas
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