Cancelling a trailingstop
-
Hi Guys,
I am trying to activate a trailing stop if for example, the 5MA crosses below the 20MA. However, I would like to cancel the trailing stop if the 5MA crosses back above the 20MA. Any ideas which blocks or formula will do this? Thanks in advance!
-
Still trying to do this.. I think this will help everyone's trading out as it would be able to check an exit indicator in the middle of the candle create a trailing stop and get you out of a trade quickly at the most profitable spot, or conversely get you out of a bad trade with the least amount of damage. Being able to cancel the trailing stop is good if the indicator turns back around and you can let your trade ride.
-
have you tried making a condition block with 5MA < 20MA and connect the trailing stop to it. when the block condition is false it will stop activating the trailing stop block.
