How to set a trailing stop that activates only after the order has reached a specified profit level
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I would like to set a trailing stop that activates only after the order has reached a specified profit level. For example:
- Buy XAUUSD at 3305, with TP at 3315 and SL at 3300
- If the price reaches 3310 (+500 profit), but then drops back below 3305, I want the order to close at 3305 (+100 profit), instead of letting it turn into a loss.
Thank you in advanced.
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Break even point
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How can that example trade be in profit at 3305 when that is exactly the open price?
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@l-andorrà Sorry, I input the wrong figure, I mean 3306, +100 from open price.
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@fxdreema_acc Thank you for your suggest, I will try it.
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What abaut something like this?
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@Boillot84 Thanks for you suggest, I will try it.