Change Trailing Stop

[thomas_stock]

Hello,

how can i change the trailing stop during the trade ?

When buying I have a stop of e.g. 20 points.
As soon as the trade is on break even, I want to set the trailing stop after calculating an indicator.
How does it work?
Thanks in advance.

[josecortesllobat]

Check this out

[thomas_stock]

Thanks for the answer.
Maybe I said it wrong.
The initial stop is at e.g. 20 points.
As soon as I am break even, I want to check whether the stop calculated by an indicator is greater than break even.
If so, the new trailing stop calculated with an indicator should be used.

So I need to be able to compare whether the value indicator is Stop > Break Even on a long buy.

I.e. If variable "Indicator Value" > "Break Even" then new Trailing Stop is indicator value.

I hope that was a little more understandable.

[thomas_stock]

Is this connection correct?

How can I tell if my Stop indicator is greater than the open price and then starts to move?

[josecortesllobat]

Hi @thomas_stock

That workflow is not correct. "Trailing stop" block will be active just one time after the "Break even" block passed and never more. So, you will never get a TS as it is.

Check this out

[thomas_stock]

I'll try it. Thanks.