correct trailing stop
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stop 40 pips
if market move up 20 pips , the 40 pips stops is moved up of current price.
is correct this block? -
No broker will accept moving the SL to current price. You need a minumumgap between SL and current price for the platform to accept it.
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yes the gap it's here.
trade open at 1000 whit stop 40 pips ( at 960 ) . if market move up 20 pips an price move to 1020 the stop loss move up ( at 980) . if price move up 20 pips to 1040 the stop move up at 1000. for this idea of trailing stop
my imagine are correct ? trailing stop 40, trailing step 20? or not? -
are correctly input 40 stop loss 20 step for this result? or not?
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@tradingconig yes, is correct how you want use the step and trailing. Just define your stop loss on the buy order to exist something to moves on trailing. Also don't forget to put an conditional or pink block to the trailing be activated when the condition happens
