Take Profit Trail

[fideld003]

Hi fxDreema Community,

Seeking your advice again if this is possible or not and a few other questions as well.

• What I would like to accomplish here is once my Buy order's Take Profit is likely to be HIT or HIT, it would adjust 20 Pips above from the original Take Profit position, is that possible? Currently, I'm using the "Trailing Stop" block for this.
  

(Optional to answer the question below)

• Also, I was trying to play around with conditions "Trailing Step is" "Trailing Start is" and "Opposite stop mode" but I can't seem to make them work as I think they should be. I am not seeing any moving horizontal lines that indicate that it is working or it's just that there's no indicator that it is working. Is there another explanation for this or an example? I would very much appreciate it.
  

Thanks,

[l'andorrà]

@fideld003 You cannot use a trailing stop if the TP is hit. That means the order is immediately closed at that TP price. Wouldn't you mean moving at a specific distance in profit but BEFORE hitting TP?

[fideld003]

@l-andorrà yeah, do you know how to do this? "Wouldn't you mean moving at a specific distance in profit but BEFORE hitting TP?"

[TipsyWisdom]

you are looking for trailing start, threshold. Just below steps in the trailing stop block.

I am using that one block to force all trades to hit 2xATR before it begins to trail 3 pips + 3 steps.

[fideld003]

@jsauter86 honestly, I don't get how this works. Does it show kind of a broken horizontal line when it's working?

What happens if I do something like this?

or like this?

[TipsyWisdom]

@fideld003 those numbers will depend on your time frame. If you're trading in small times frames you don't want a 100 pip target.

share your project and it'll help.

But for now just to see what it looks like as you watch the strategy tester, put 10 pip trailing stop.
10 pip trailing step.

Run that to see how it looks.

Then add in the 3rd one, 10 pips on trailing start.
That final addition forces the position to move 10 pips of profit before it even places the stop loss of 10 with a 10 pip step

[fideld003]

@jsauter86 Okay, so I looked for a trade that is likely to fail. I have my setup as this:

• 30 PIPs Trailing Stop and 10 PIPs Trailing Step.
  

• What I have here is a Buy order in a downtrend position.
  
  When the Buy order was triggered, it showed the 30PIP Take Profit mark.

-- The candles were going down and then the red TP mark also went down. It seems to be that Red TP mark was triggered when the current Price was 20 to 25 PIPs from where the Buy order was. --
(Upon checking my post, I saw that I'm missing one screenshot here, the first move of the Red TP mark)

• Then red TP mark and buy order were stuck together when the current Price was 30 PIPs from the buy order.
  

• Then it went down again.
  

So I noticed that it's going down every 10 PIPs, but I don't know if it's for every 20, 25, or 30 PIPs.

• Is that how "Trailing Step is" works? I thought once the Take Profit will be likely to hit it will adjust 10 PIPs up. Maybe that's why I was confused why it's not working ...

[l'andorrà]

@fideld003 Here you can find the math behind each feature in the trailing stop block:

https://fxdreema.com/instructions/builder/trailing-stop

I hope this helps.

[TipsyWisdom]

I learned how stops work from youtube to be honest. understanding it there and apply it here.

[l'andorrà]

@jsauter86 Never forget to read all the Instructions pages in this site!

[TipsyWisdom]

@l-andorrà instructions?

[l'andorrà]

@jsauter86 Yes. these instructions:

https://fxdreema.com/instructions

[TipsyWisdom]

i was just kidding, haha....thank you sir!

[bk7]

you could use the option percentage of profit (tp) reached then move to a new tp

[fideld003]

@bk7 You mean this one right?

Then sell "Trail what?" to Take-Profit. Then I could achieve what I'm after on the very first image I posted?

[CPBonzo]

Trailing stops operate in such a way that they move when the price is moving away from them. Most commonly people trail the stop-loss, which means as the price moves away from the open and towards the take profit the stop-loss follows, or trails, it.

Similarly, a trailing take-profit only moves when the price is moving away from it. For example, when the price moves against you (the wrong way from the open) a trailing take-profit will follow it (it trails the price) this reduces the take profit level such that if the price reverses and moves back in the planned direction the take-profit is closer to the open than it was and if reached the profit taken is lower than it would have been when the trade was originally set up.

To summarise, a trailing stop-loss moves when the trade moves in your favour and profit is increasing, a trailing take-profit moves when the trade goes against you and profit is reducing/loss increasing.

[bk7]

@fideld003 i mean you can loop your orders and make it this way

or you unse the break even point block to move the sl to be after x% of profit and after this you move the tp to a new level...

[fideld003]

All, thank you very much for the responses. This will help a lot.