How to implement Buy Stop?
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Hello. I want to implement
"Buy Stop"
If you don't know what is "Buy Stop":
When price arrive to my buy zone , I don't buy.Instead i wait until the price come down and break buy zone to up. If price come lower , I want to bring down my buy zone with specific distance(for example with 20pip). And if break buy zone to up i will buy.
Trailing stop is just for take profit and stop loss.I want to change place of buy position.
How can i implement that?
thanks -
I'm not sure I fully understand. Could you please provide an example image on a chart?
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first time price touch 110 i don't buy But when again break it to up i will buy.
And also i want to trail the price downward.For example , I want to trail the price with distance 20pip. -
The problem is that you need to define two moments in time that can be separated by minutes, hours or days. You can create a variable to confirm if price 110 was hit one. Then you need to define a time period for the second hit to happen (minutes hours or days) do that the second time that price is hit a trade is open.
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@l-andorrà thank you. I thought i can do that with possibilities of fxdreema.thanks
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You're welcome.
