trailing stop
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Hi everybody
How can I do trailing stop when position is in reward 1.3 trade will be in break even , when position is in reward 2 stop will be in reward 1 and when price is at reward 3 stop will be at reward 2 .
Anybody can help me about that ? -
What do you mean by 1.3, 1.3 times the SL distance? Then when at times 2 move SL to to same distance as SL from the open, then when x3 the distance move SL to x2 the distance?
A combination of a BE block and a trail block will do this, have a look at this link, you'll have to test but I think this will do what you want: https://fxdreema.com/shared/ELQIHXqAb
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@jstap I mean when the price reaches my reward 2, which is 200% from the entry point to the initial stop, move the stop to 100% from the entry point to the initial stop. And also if the price reaches 300% from the entry point to the initial stop, move the stop to 200% from the entry point. There is one case when the price is at 130% from the entry point and stop loss will break even, does it still recognize where the 300% from the entry point to the initial stop was? I need these for MetaTrader 5.
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so 100% will happen every time 100% is added, so BE at 130 then start the trail at 200%, this should move it as you want