Want Trailing Stop and Take Profit to move…
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I seek for 10 pip Trailing Stop Loss and 10 pip Trailing Take Profit to move opposite directions for each buy order. For an example, let’s say I place a buy order anywhere on EUR/USD, and that the price bought is at 1.00000, I want for the trailing TAKE PROFIT above to move UP whenever price hits below 1.00000 and for STOP LOSS to move DOWN whenever price moves above 1.00000.
What’s the simplest way of setting this up?
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I don't see the logic behind that. What's the point of the SL to move down if price is moving up? You are increasing risk for nothing!