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    ATR SL modification

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    • M
      Marco 3 last edited by

      Hi guys, I have been trying formulas for hours but just can’t get my idea working. It should be quite easy, but I am new at this. Working with variables is still a challenge and Google wasn’t my friend in this one.

      My situation:
      I buy at $10. ATR is 0.10.

      In the buy block I set the stoploss at 1 ATR (custom price fraction). No take profit is specified. This works fine.

      What I would like is this: once price crosses 2 ATR above $10, the stoploss should be modified once to 10.20 and stay there for the rest of the trade.

      Can anyone please help me?

      Thank you in advance,
      Marco

      roar 1 Reply Last reply Reply Quote 0
      • roar
        roar @Marco 3 last edited by

        @marco-3 Hi!

        This should be close...
        https://fxdreema.com/shared/12KhB4M3d

        Need small help? Tag me in your post
        Need big help? https://www.fiverr.com/big_algo/automate-your-winning-strategy-in-mql4-or-mql5

        M 1 Reply Last reply Reply Quote 0
        • R
          ramisignals last edited by

          You need to add trailing
          if it is group of order ( use trailing order ) you need also to fix it with correct parameter otherwise you will have loss

          1 Reply Last reply Reply Quote 0
          • M
            Marco 3 @roar last edited by

            @roar

            Thank you so much! Works like a charm.

            1 Reply Last reply Reply Quote 1
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