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Trailing Stop & Trailing Stop Level

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kingsimelane

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2 years ago #276334

hi guys i was just wondering if you could help, my strategy relies heavily on trailing stop & Trailing Stop Level which can only update on bar close using Algowizard (useless if trading on 1 hour chart). is it possible to use 1 hour for signals and 1 minute for trailing stop & trailing stop level solely? or alternatively to create a separate EA for trailing stop & trailing stop level which will be placed on 1 minute chart on metatrader 5.

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tomas262

Administrator, sq-ultimate, 2 replies.

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2 years ago #276391

Hello,

you can setup a multi-timeframe strategy that would get entry signals from “higher” H1 timeframe and trade M1 timeframe as the “main chart”. Then trailing SL will work minute after minute likely

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JULIAN ENRIQUE SUAREZ

Subscriber, bbp_participant, customer, community, sq-ultimate, 1 replies.

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2 years ago #276785

i have the same problem. look my picture. I want the trailing stop to work on minute bars. I want to clarify that the entry strategy is built on 1 hour bars.

 

thanks

 

 

 

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tomas262

Administrator, sq-ultimate, 2 replies.

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2 years ago #276811

i have the same problem. look my picture. I want the trailing stop to work on minute bars. I want to clarify that the entry strategy is built on 1 hour bars. thanks

This won’t be possible. The trailing-SL will be adjusted based on the trading timeframe chosen – the chart you apply your strategy onto. In your case it will be H1. If you want minute-by-minute trailing working you need to apply the strategy on M1 and setup a condition for a multi-timeframe strategy for the H1 timeframe

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