Best posts made by johnkscott4781

https://fxdreema.com/shared/nM92DEEVd

Hi everyone. This has me a little stumped. The goal is that once the price has reached 1x the ATR in profit that the stop is modified to break even (which at that point in time would be 1x ATR away from the current price). It seems to work sometimes and not work sometimes. For example, last night I had 4 open trades and it only (so far) malfunctioned on one of them.

What happened is that it did the modify stop action (to break even) even though, looking at the chart, the price never even got close to 1x ATR from the opening price. I was thinking about putting another pips away block in front of the current one with the condition that it has to be at least 50 pips in favorable direction before it passes to the current block. But I'd prefer to just make it work correctly. Thoughts?

Thanks in advance for any help you can offer.

@roar Thank you! That logic makes sense. I haven't tried using variables yet. Well...let me say I looked at it and got a little confused so my mind didn't go that direction. But this makes sense. Thank you! I will try to incorporate this into my full algo. Much appreciated.