Trailing struggle
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Hello,
Do any expert can help me with trailing setup, I am struggling between stop loss and trailing stop.
I don't want to set a stop loss on trades, have to start the trailing when trade is in profit with 200 points of profit with a step of 1 point modification.
I am using breakeven also which is working fine. If I set trailing stop a value a bit, it set a stop loss to the trade which I dont want to avoid stop loss hunt. if i set a large value to it, it do not trigger. Please help.
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@l-andorrà @jstap can you please help?
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Is easier to see if you add a shared link... you do not need the for each position block - you still need a value in the trailing pips box - trail wont start until start, but it will then move to the trail stop distance and every step in a positive direction move to the stop distance.
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@jstap Thank you for responding, https://fxdreema.com/shared/i1IVh7J2c please check the link.
Actually I dont want a stop loss, but to make trailing work we need to add the value in trailing stop, if i add a small value it set a stop loss just below the open price and stop loss get triggered and if I add a large value then it do not work,
please guide
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Not sure what do you mean, you need to workout once triggered though in that project you don't have a start, how far behind and how often the stop is moved... if you need more advice on how it works just ask... you can't add to a positions size without opening a new trade so adding volume on open is often best.
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I am using normal scalping strategy and want to book small profits,
So in the project i want to start the trailing when trade is in profit of 200 points and at same time stop loss move to breakeven.So challenges I am facing are.
- Breakeven works perfect it moves to breakeven offset point when trade reach 200 points profit. when stop loss moved near breakeven then why trailing is not working despite trade went into profit and trail start is set at 200 points?
-What value should I set into trailing stop to make it happen ? Kindly note I dont want to use stop loss
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how TRAILING STOP and STOPLOSS are different ? can anyone explain please ?
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Stop loss is a fixed stop position at open (although you can add later), trailing stop is the stop that moves with price as the settings allow.
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@jstap if I do not want to set stop loss to a trade but want the trailing to work then what should be the setup ? If I want to start the trailing when trade is in profit of 200 points. please help
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Then don't set a stop, if stop is 0 than when the trail activates it will set the stop to the distance set in the settings.
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can you please share the inputs I should set in trailing block when I need to start the trailing when trade is in profit of 200 points with step value 10
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It is just how you have shown, pip rules will change to pips, but every other asset will use points.
where it says pips will be points depending on the asset and pip rule settings
