Trailing Stop Based on SL
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hey guys, how can i set "Trailing Stop" based on SL not on %of balance? like this: TP1>> BE, TP2>> Move SL to TP1, TP3>> Move SL to TP2 ,.....
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How are those TP levels established? Are they a fixed pips distance from open price, maybe?
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TP levels are determined based on the StopLoss. If we consider each stopLoss to be one unit (regardless of the pip amount), each step of the trailing stop moves the StopLoss one unit.
like this: [if price touched]TP1 >then> BE, [if price touched]TP2 >then> Move SL to TP1, [if price touched]TP3 >then> Move SL to TP2 ,.....
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Yes, I understand that, but are those unit selected manually via input parameter or fully automatic through internal calculations?