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    Question How to Implement Group Trail Stop From Average Weighted Price

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    • thatguyisop
      thatguyisop last edited by thatguyisop

      Is there a way to effectively make a group trailing stop? Where the Trailing start and stop is based on ATR * Multiplier?

      For example :
      I currently have 3 positions that is a buy only

      1st position is on 150 with 0.1 Lots
      2nd position is on 145 with 0.2 Lots
      3rd position is on 140 with 0.3 lots

      ALL of the SL of the 3 positions are on 130
      The average weighted open price of these positions are : 143.33

      Is there a way for the SL trailing to start after current price has reached (ATR * Multiplier) from Average price with a stop level of (ATR * Multiplier) whilst still referencing the Average Weighted Price of the 3 positions?

      Many thanks.

      KLG 1 Reply Last reply Reply Quote 0
      • KLG
        KLG @thatguyisop last edited by

        @thatguyisop Hello , this is my way of handling a group trailing SL and group SL,
        I don't use ATR, I think you have to use custom indicator for it and also you have to convert the value of the ATR indicator to PIPS or points so you can be able to match the value with the symbol price.,

        the group SL formula is a must if you want the SL to be the same for the different positions

        https://fxdreema.com/shared/ajweP9mxc

        thatguyisop 1 Reply Last reply Reply Quote 0
        • thatguyisop
          thatguyisop @KLG last edited by

          @KLG

          f6021941-4979-4aa6-bc50-27c1c0078d85-image.png

          I managed to got it working by doing this apparently, thanks

          1 Reply Last reply Reply Quote 0
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