ATR SL modification
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Hi guys, I have been trying formulas for hours but just can’t get my idea working. It should be quite easy, but I am new at this. Working with variables is still a challenge and Google wasn’t my friend in this one.
My situation:
I buy at $10. ATR is 0.10.In the buy block I set the stoploss at 1 ATR (custom price fraction). No take profit is specified. This works fine.
What I would like is this: once price crosses 2 ATR above $10, the stoploss should be modified once to 10.20 and stay there for the rest of the trade.
Can anyone please help me?
Thank you in advance,
Marco -
@marco-3 Hi!
This should be close...
https://fxdreema.com/shared/12KhB4M3d -
You need to add trailing
if it is group of order ( use trailing order ) you need also to fix it with correct parameter otherwise you will have loss -
Thank you so much! Works like a charm.