fxDreema

    • Register
    • Login
    • Search
    • Back to the main page
    • Categories
    • Recent
    • Tags
    • Popular
    • Search

    adjusting stop loss s/l when market > opening price

    Questions & Answers
    2
    4
    1111
    Loading More Posts
    • Oldest to Newest
    • Newest to Oldest
    • Most Votes
    Reply
    • Reply as topic
    Log in to reply
    This topic has been deleted. Only users with topic management privileges can see it.
    • T
      Trader3487 last edited by

      how do you adjust s/l to kick in when market crosses the opening price and still keeping trailing stop?

      Let's take the following scenario:

      1. market passes opening price and position becomes profitable
      2. but market has not yet reached trailing stop level
      3. then market reverses direction and approaches opening price
        4a. before it reaches opening price, order stops out
        4b. or it changes direction again and reaches required level to activate trailing stop

      In other words, the question is how to prevent position from slipping back into the negative before it activates the trailing stop?

      1 Reply Last reply Reply Quote 0
      • fxDreema
        fxDreema last edited by

        To put SL at open price level when there is some profit, use "Break even point" block.

        1 Reply Last reply Reply Quote 0
        • T
          Trader3487 last edited by

          will "break even point" block work with trailing stop?

          1 Reply Last reply Reply Quote 0
          • fxDreema
            fxDreema last edited by

            If needed it's possible.

            1 Reply Last reply Reply Quote 0
            • 1 / 1
            • First post
              Last post

            Online Users

            M
            G
            D
            A
            A
            R
            G
            S

            18
            Online

            146.7k
            Users

            22.4k
            Topics

            122.6k
            Posts

            Powered by NodeBB Forums | Contributors