Trail only After 1R
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Hi guys, How do you use ATR Trail only after 1R.
Logic is: If Candle 1 Close >= 1R , Trail Stop loss equal to Candle 1 ATR * MULT
Then I will only trail if Candle1 Close above Candle 2 High for buys and viceversa for sells
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When is that trailing stop supposed to be checked? Every single tick or at the open of each new candlestick?
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@l-andorrà only at the open of a candle stick, once per bar.
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Can any one tell me how set trailing stop at running trade, all previous trade loss amount.
for Example
if 1st trade loss 5$, 2nd trade loss 3$ and 3rd trade loss 4$.
total loss amount is 12$ . Now may 4th trade is running 15$ in profit set trailing stop at 13$.
please help if now any body -
@Vishwa Start a fresh question for this, rather than on someone else's thread.
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@ellemitless Not sure exactly what you want, but if you use the stoploss as the trail start, then trail won't start until price is as far away as the stop is
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@jstap ohh I see, so if I set the trail start on 100% of the stop, it will only start if it reached 1R first right. thanks mate!
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Yes mate
