How can I compare a TS and another price level?
-
Let's imagine the following scenario:
- I want to open open several trades in the same direction (let's say buy) one after another every 10 minutes. This I can do.
- All of them wil have the same SL level price at a fixed pips distance from its open price. All the following ones will have that level or higher, never lower. This I can also do.
- There will be a Trailing stop that will be common to all trades. This means that it will be activated from the first trade and then, as price moves up, will pull it up. This is what I want.
What I want to do is comparing both Stop levels for each new trade after the first one when opening it. I want to choose the shortest stop level comparing the current trailing stop with the fixed pips level for the new trade.
I know how the Trailing stop block works, but I have no idea how can I catch its price level now in order to do that comparison. Could someone please help?
Thank you in advance.
-
Maybe some picture? I don't really understand what "both Stop levels" mean, because it could mean SL and TP of the same trade... because SL is a stop, but TP also stops the trade
