Trailing stop
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Guys, I've tried it over and over, but I just can't figure out how to get this trailing stop working. Could someone post a pic of the trading stop block and the exact setting I have to chose? Would be great.
So this is the situation. When I open a trade, it automatically has a stop loss of 200$. Profit target varies between 400$ and 800$. Once I am 200$ in profit, I want the stop moved to the entry point. If it goes to 400$, stops move to +200$ profit etc.
So the adjusted stop is always 200$ (the original stop)...But the stop only moves, when either the 200, 400 or 600$ level is reached. So for example if I'm up 300$, the stop doesn't move to 100$ profit. It stays at 0 until price reaches 400$.No idea why I can't get it done...
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@sirluk Trailing stop is much easier when used with pips, to use money you have to use multiple blocks probably something like when profit = $200 a variable records the price, when profit = $400 SL or close trades block needs to be set to the price level.
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But it doesn't have to be with money...the way I want it is, when price is in profit the same distance as stop loss...so 100% of stop loss, move SL to breakeven. If price then moves that same distance again...so 200% of original stop loss, move stop to 100% of original stop and so on...
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@sirluk Make trailing stop same as stop loss, make trailing step the same as stop loss, if your SL is 20 and your step is 20 every 20 pips the stop will jump to 20 pips pips behind price.
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A jstap question, shouldn't the trailing start be set to 20 ?
Affectionate Rodrigo
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@rodrigo-ortuzar It can be but unnecessary, the start is when you want it to start, if left on 1 it will still wait for the step, you could put something like 60 in there, it would then wait for 60 pips before it started to trail by 20 and step by 20.
