guidelines for new users...trailing stops
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Hello everyone, I'm new...
I think it would be helpful to have some base points, to clarify in the use of fxDreema for beginners:
- orange, yellow and white connections (how and when), how many connections from each one...
- How realize connections between different colors blocks (which allowed and which not...);
- point format rules (how I have to change this parameters for USDJPY against EURUSD for example).
Moreover I struggled for hours with this issue:
I have a 5 digits broker so 1 pips (5 digits) is 0,1 pips (on 4 digit), MT5 allows to set a trailing stop from 0 pips EURUSD, it means that when the position goes on profit MT5 starts trailing the stop loss up or down immediately with 1 pips step (5 digits) stop loss. This is a common scalping strategy. I can't set properly this parameter in the trailing stop block on fxDreema.
I put in attachment one image to well identify the problem. ( I spent many hours to try and to understand with no results! ) Note that the trailing stop pips remain 4 digits also changing the point format (this is normal in MT5)
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trailing stop block.png -
I understood something about the problem...
The trailing stop starts from the open price and not the opposite bid/ask...
One example: in a BUY OPERATION the buying price is ASK but the Sell price is BID when the trailing stop starts it considers only the ASK price !
Is there a way to use the opposite referral price ?
In a BUY operation the referral price for trailing is BID
In a Sell operation the referral price for trailing is ASKMaurizio.
