Question How to Implement Group Trail Stop From Average Weighted Price
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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 only1st 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 lotsALL of the SL of the 3 positions are on 130
The average weighted open price of these positions are : 143.33Is 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.
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@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
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