Trailing Stop Mutiple Levels for Take Profit not working as expected

[BlueMoon]

I am attaching the screenshot of the "Trailing Stop" block I am using. I want to trail "Take Profit" so using this setting.

I am seeing that when mt trade is losing 10 pips, it trails and sets my TP to 5 pips loss. This is not the expected behavior. Instead I don't want it to do anything when my trade is losing money. I want it to trail when it makes 10 pips, then set the TP to 5 pip.

What is going on here?

[BlueMoon]

I also noticed just now that it is not doing any trailing when my trades are in profit mode. I mean when my trade goes to 10 pips profit, I want it to set the TP to 5 pips...and keep trailing the same way as per the block. But its not doing anything!!

[BlueMoon]

I really need this Trailing stops. Seems like there are lot of issues here with "Multiple Levels"
Can someone please help?

I have noticed the following:

1. When you are Trailing TP, it use your levels when in Loss side of the trade instead of Profit.
2. I also noticed that the behavior is all inconsistent with respect to when you select to Trial SL or TP.
3. I also noticed that the behavior is inconsistent when you are trailing your "Buys" vs "Sells"

I really need help on this.

[miro1360]

set this Profit Treshold on some value of profit where you wish start trailing:

[BlueMoon]

@miro1360 said in Trailing Stop Mutiple Levels for Take Profit not working as expected:

set this Profit Treshold on some value of profit where you wish start trailing:

Thanks micro1360

I want to trail the TP and not SL. In your screenshot you have selected "Stop-Loss" as "Trial what?" Was this by mistake?

I want to start trailing after my trade has reached 50 pips of profit. So I will sure set the "Profit Treshhold" to 50 pips. But I want the TP to change to 50% every 10 pips. I mean when my profit reached 50 pips, I want my TP to be 25pips...and when it reached 60 pips, I want my TP to be 30 pips. How do I achieve this using this block? Can it be achieved? I tried "Mutiple Levels" option but it seems to have issues.

All your help is appreciated. Thanks again.

[miro1360]

you cant trail TP this way ... how you can have TP for buy trade below current price? you cant set it this way ...

[BlueMoon]

@miro1360 said in Trailing Stop Mutiple Levels for Take Profit not working as expected:

you cant trail TP this way ... how you can have TP for buy trade below current price? you cant set it this way ...

I want to start trailing TP when the price is 50 pips above the open price of the buy trade, and below the open price of the sell trade. I then want to trail it at 10pips increment of profit.

[miro1360]

send here picture how you mean it with TP

[BlueMoon]

will the following work for what I am trying to do?

[miro1360]

is this picture clear?

[BlueMoon]

@miro1360 said in Trailing Stop Mutiple Levels for Take Profit not working as expected:

is this picture clear?

Thank you so much for taking the time to explain. I now understand what you mean. My intention is to "secure" 50% of the profit once I reach the target. This means I cannot use TP for trailing based on your diagram since my TP would always be less than the current price in case of a Buy trade and more than the current price incase of a Sell trade.

Glad I got this out of my way. Now I understand the "SL" is my only option here. I still believe there are issues with the block but let me test this with "SL" on what I am trying to do and I will report back.

Thanks again for all your help.

[BlueMoon]

Do you think this will work? I basically want to secure at the least 50% of my profit on a open trade once it reaches 50 pips of profit. I then want to keep setting the 50% at every 10 pip extra profit.

The Pips offset I am using 50 pips since thats where I want it to start setting the SL. Will this work?

[miro1360]

this should work, I think, you tested it?

[BlueMoon]

Seems like it works for "Sells" but not for "Buys"
Any idea what could be going on?

[BlueMoon]

Here is the block I am using. I set the Trailing Start at 5 pips. I see few "Buy" trades that are currently making over 5 pips profit but I don't see they have a SL set. This seems to be working fine for the "Sell" trade.

[BlueMoon]

Please ignore my last 2 posts. It does work for "Buys" as well as "Sells" I has made some mistakes with the Group number.

[Rajesh Ram]

@bluemoon so does this work fine now