Reverse trailing stop possible, please help me??

[chattahooche]

Is it possible to adjust reverse trailing stop loss?
For Example:
Eur/Usd Sell order at 1,1000
When it goes to 1,1016, I want my reverse trailing stop works and adjust mu stop loss at 1,1003. If it go to, for example, 1,1040, let my stop loss be 1,1010, like that.
Is it possible dear friends?

[trader.philipps]

@chattahooche Sounds like simple trailing stop loss or I didn't get what means reverse.
You have a trailing start, trailing step and trailing stop. So what is the problem?

[chattahooche]

Normally, trailing stop work when order in profit. I want to work it when order in loss. For example,
Normally, lets think that we take buy order at eurusd price 1,1000. If the price go to 1,1016, trailing stop starts to work and put stop koss value at 1,1003..In opposite, secondly, we buy at 1,1000 and price went down to 1,0984. I want to trailing stop start to work and put stop loss at 1,0997..Is it possible?

[chattahooche]

It was sold changing choice of the “stop loss” with choice of the “take profit” in trailing stop loss tool.

[l'andorrà]

@chattahooche said in Reverse trailing stop possible, please help me??:

Normally, trailing stop work when order in profit. I want to work it when order in loss. For example,
Normally, lets think that we take buy order at eurusd price 1,1000. If the price go to 1,1016, trailing stop starts to work and put stop koss value at 1,1003..In opposite, secondly, we buy at 1,1000 and price went down to 1,0984. I want to trailing stop start to work and put stop loss at 1,0997..Is it possible?

Yes it is, but certainly not with a few blocks, if taht is what you are asking for. You will need to store the information of each open trade on one or more variables and recalculate its value on every pip.