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Forums>StrategyQuant>Application Support>Static Trailing Stop possible ?

  • #239209 |
    Participant
    109 Posts

    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 :D

    #239216
    tomas262
    Administrator
    1823 Posts

    If you want to move SL only once as you described it could be done as shown on the screen

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    #239221
    Participant
    109 Posts

    yes that’s right but if the price continued the stop will not move. it happens only once am i right ?

    #239254
    tomas262
    Administrator
    1823 Posts

    so you want to move SL in “steps” multiple times with higher profit reach by X pips? I can do an example for this

    #240487
    Participant
    109 Posts

    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 ?

    #240491
    tomas262
    Administrator
    1823 Posts

    This might do what you need. Let me know if any questions

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