I just had a question regarding something. How would I go about setting up a scenario like this. I would like to have 2 or three targets from open price. For example:
a) Buy trade. Price moves 20 pips and then keeps on going to 40 but it doesn't reach 50 and starts to turn back and comes back to 20 pips. I want to close that trade at 20 pips.
b) Buy trade. Price moves 20 pips and then keeps on going to 50 pips and then goes a bit further to 70 pips but starts to turn back and comes back to 50 pips. again close the trade at 50 pips.
vice versa for sell trades.
which blocks should i be looking for. I figured it would be 'pips away from open-price' but how can I have those targets. I want something that is calculating how much price has moved in pips and then remember those targets that i set to close the trades at. I hope this is achievable. Any help would be greatly appreciated.
p.s i don't want to use trailing stops...