Trailing

[BlueMoon]

How do I set the following trailing profit?

My Open position will have no SL and no TP set. Following is what I want:

1. When my position is making 50 pips, I want trailing at 50% which is 25 pips
2. At every 10 pip increments I want to adjust this accordingly based on 50%, I mean when the profit on it reaches 60 pips, I want the trailing to be set to 30 pips. When profit reached 70 pips, I want the trailing to 35pips., and so on.....

[Implosion]

@yalgaar
Yes I want this as well

[fxDreema]

The Trailing stop block works with the current price (let's say Ask) and the current SL to decide when is the right time to modify SL. It looks at the difference between both levels all the time. Now, you want to modify SL at every 10 pips and to put SL at 50% of the difference between Ask and SL. You have absolute Step and relative Stop. You can try with this option "Multiple levels" for Trailing Stop, but the problem with this option is that you can define certain number of levels, it's not a formula that can work for infinite number of levels.

Again, the problem is that you need to somehow work with invisible grid of levels where each new level is exactly 10 pips above (or below) the previous one. But the Trailing stop block looks at the SL line to decide when to modify it again. You want the SL line to change like this:

• when profit 50 pips put SL at 25 pips
• when profit 60 pips put SL at 30 pips
• when profit 70 pips put SL at 35 pips
• when profit 80 pips put SL at 40 pips
• when profit 90 pips put SL at 45 pips
• when profit 100 pips put SL at 50 pips

This is the closest that was able to make: https://fxdreema.com/shared/MM7kc2SZb But because I use relative Step, the levels are not exactly 50, 60, 70, 80 and so on... But what is the chance to have more than 5-6 SL modifications, it's very low. I put some "Delay" block in "on Trade", so the EA will pause on each SL modification and you will be able to easily measure all the distances.

[BlueMoon]

@fxDreema said in Trailing:

The Trailing stop block works with the current price (let's say Ask) and the current SL to decide when is the right time to modify SL. It looks at the difference between both levels all the time. Now, you want to modify SL at every 10 pips and to put SL at 50% of the difference between Ask and SL. You have absolute Step and relative Stop. You can try with this option "Multiple levels" for Trailing Stop, but the problem with this option is that you can define certain number of levels, it's not a formula that can work for infinite number of levels.

Again, the problem is that you need to somehow work with invisible grid of levels where each new level is exactly 10 pips above (or below) the previous one. But the Trailing stop block looks at the SL line to decide when to modify it again. You want the SL line to change like this:

• when profit 50 pips put SL at 25 pips
• when profit 60 pips put SL at 30 pips
• when profit 70 pips put SL at 35 pips
• when profit 80 pips put SL at 40 pips
• when profit 90 pips put SL at 45 pips
• when profit 100 pips put SL at 50 pips

This is the closest that was able to make: https://fxdreema.com/shared/MM7kc2SZb But because I use relative Step, the levels are not exactly 50, 60, 70, 80 and so on... But what is the chance to have more than 5-6 SL modifications, it's very low. I put some "Delay" block in "on Trade", so the EA will pause on each SL modification and you will be able to easily measure all the distances.

You are awesome!! Thank you very much to take the time. However I have a few questions and need some more clarifications:

1. I don't understand the need of the "Delay" block. Can you please explain more about the need for this?
2. You mentioned "Multiple levels" for trailing stops in your message but in the link you sent for the real blocks, I don't see you are using this. I believe you are showing 2 methods to achieve this. But I am getting confused with the methods. Can you please clarify this?
3. Lets say I am ok to use "multiple levels" and manually type all levels and their stops. Is there a limit to how many levels it will allow me to type in the block?
4. In your examples you have used the "SL" for the stops. Does it matter if you use "SL" or "TP" for trailing? is there any difference?