Trailing Stop
-
How do I set up Trailing Stop for all my trades? I want my trade to trail based on the following logic.
- As soon as it has 5 pips profit. Move stop to Break even + 1 pip
- As soon a it has 10 pip profit. Move stop to 5 pip.
- As soon as it has 15 pip profit. Move stop to 10 pip,
- continue doing the above indefinitely in 5 pip increments.
-
Set the Trailing step to 5. Here is more info: https://fxdreema.com/help/working-with/trailing-stop
Now, the first step where you want to put SL to BE+1pip, this can be done with the Break even block. But then in the Trailing stop block you should set some "Trailing Start" to make it wait until there is some profit, and then to start moving SL.
Actually depends on what the initial SL needs to be. If it needs to be at 5 pips (at most), then I think you can forget about that +1pip and just use the Trailing stop only (with 5 pips step)