Static Trailing Stop possible ?
5 replies
Tarwada
5 years ago #239209
hello. i’m using EA Wizard and i’d like to know if it’s possible to make my trailing stop moves when i gain x amount of pips only instead of moving instantly once i’m in profit.
for example:
let’s say that i’ve declared a variable called (StaticTrailing) with value 20 and (StaticTrailingPips) with value 30 and my stop loss is 40.
if i opened a trade, my stop will be 40 pips away from the current price
if the price moved 20 pips in my favor (which is my StaticTrailing), then the Stop will be 30 pips away from the current price (which is my StaticTrailingPips) instead of moving instantly.
is there a work around to make this possible ?
i hope it’s possible 😀
tomas262
5 years ago #239216
If you want to move SL only once as you described it could be done as shown on the screen
Tarwada
5 years ago #239221
yes that’s right but if the price continued the stop will not move. it happens only once am i right ?
tomas262
5 years ago #239254
so you want to move SL in “steps” multiple times with higher profit reach by X pips? I can do an example for this
Tarwada
5 years ago #240487
yes exactly
if i earn (for example) 10 pips, the stop will be x pips away from the current price
if i earn another 10 pips, the stop will move x pips away from the current price
the trailing stop moves pip by pip, i want it to move only when open profits by pips is x or y
also when i try to close a position partially in the back test it does not close
what’s the problem ?
tomas262
5 years ago #240491
This might do what you need. Let me know if any questions
Viewing 5 replies - 1 through 5 (of 5 total)