Any profit made to be used as Stop Loss on next trade.
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Please help.
I want to be using any profit made on closed trades to be used as Stop Loss on next trade.
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Do you mean 'profit' as price level, maybe?
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@l-andorrà This is what I mean.
My Equity is $100, I entered a trade that ended in $5 profit.i want the next trade to use this $5 as stop loss.
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That will depend on the lot size. Will it be fixed or variable?
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@l-andorrà Variable
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Then you need some custom code doing the calculation in order to transform that profit into a pips distance. I'm afraid I'm not the guy knowing that code. You should ask jstap or roar instead. They can provide it. Sorry for not being helpful.