Price level to where trail stop starts must be at specific pips at profit

[tradingforward23]

Hey there! I would like to ask for help or an idea on how can I start trailing my stop loss at a specific level in the money (in profit). I am opening buy and sell trade simultaneously with each having its predetermined stop loss and take profit. One of this position will end up losing while the other will remain in profit until the price either go straight to take profit or reverse back to my stop loss. What I do want to happen is I want my trailing stop loss to start at a specific price level in the profit.

Example: price is 400 units away from opening price, triggering either buy or sell stop loss, leaving the other position in profit. I want the trailing stop loss to start 200 units away from opening price of the winning position, securing a 200 units of profit.

I had tried different combinations with the trailing stop block but I can't seem to get my desired result.

Any suggestion is greatly appreciated. Thank you!

[tradingforward23]

Update: I managed to combine the break even block and trailing stop block and got my desired results

[Ssenyongacharl4]

hi how did you manage to do that, pls share me too , i need it . thanks

[tradingforward23]

@Ssenyongacharl4 Hey there! You got to use both the breakeven block and trailing stop block. Both are connected at a block under the "Check positions & Order counts"

For me, I started with the "No Position" Block then the Orange output is connected to both Breakeven block and Trailing stop block.

I hope this helps.

[Tehern]

Hi sir, could you shared your project link so I would understand how you do it as the problem I faced is the trailing are not working but my breakeven can work. Thanks

[tradingforward23]

@Tehern Hi Buddy! I will try to provide an answer to your question once I get home. Thank you for waiting

[tradingforward23]

@Tehern Hello there. Kindly refer to this link: https://fxdreema.com/shared/AKZsIkUnb

Considering you already finished half of your system (Part of the EA where trade is being executed automatically), this is how you construct Break Even block and Trailing Stop block to make it work hand-in-hand.

I hope this helps!

[Duelistking]

@tradingforward23 if you want break even , not use trailing , if you want trailing not use break even

[jstap]

You can use both, especially if You want the trial to start after the stop has moved to BE

[tradingforward23]

@Duelistking I am using these two based on my strategy. This works perfectly fine for me and in most cases, helps me manage risk better than just using one of the two.

[Duelistking]

@tradingforward23 i think you need condition , to use break even or use trailing

[tradingforward23]

@Duelistking For the mean time, I don't use condition blocks. In my EA, I managed to tweak the settings of the trailing stop to what price level it will start, as well as the steps and the distance of stop loss to the price level. Breakeven block works immediately as soon as price reaches my desired profit.

If your concern is if I got an answer to my question, yes indeed. And it is more rewarding as I discovered it myself and the learning I gain still continue to grow

Thank you!

[Duelistking]

or you can use break even and partial close , trailing good if use LL and HH by -10 candle