Placing a new stop loss after 100pip profit

[William 1]

Hello everyone

I wanna try something new with stop loss. Everytime when it makes 100 pips of profit it will place a stop loss with 50pips below it. this is my example:

The blue colour is start trading
The red colour is stop loss
The green colour is 100 profit

From start (blue) to 100pip profit (green) it will make a new stop loss (red). After while if green to a new green is also reach the next stop loss wil be make and so on. I tried check profit and modified stop and it doesnt support pending order.

Can some one help me please?

[William 1]

Is that even possible

[l'andorrà]

@william-1 You can do this:

[William 1]

@william-1 What part of the of trailing stop says trigger another 100 pip profit (200 pips from the opening price ? and placing a new 50 stop loss. Its kinda a loop

[l'andorrà]

@william-1 Those are the trailing stop and trailing step options above. This block is a loop itself. As soon as proce advences 100 pips more, the SL will be postioned 50 pips below it immediately and so on.

[William 1]

@l-andorrà The trailing stop is a loop thats good to hear. But how i can make tell the stop loss to not move after the 100 pips profit is made?

[l'andorrà]

@william-1 Not sure what you mean. Did you want to move the SL every 100 pips?

[TipsyWisdom]

3 blocks
pink, for each position
pink, Check profit, over 100.
pink, Modify stop, to whatever new level you want.