Manual Trailing stop loss
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Hello Guys,
I need help on trailing stop, I want to run trailing stop with a manual entry (human effort), don't want to use predefined trailing stop levels,
suppose I set a trailing stop at a distance of 50 Pips and for second trailing stop for 80 Pips, so both trailing stop should run accordingly.one more thing can be done, when I manually put stoploss, then trail should start from starting price
for buy current price - start price
for sell start price - current price
I have shared two conditions kindly have a look into this. -
I'm afraid I don't fully understand you.Do you men changing the trail step within the same open order? If so, what's the point of that?
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@l-andorrà
Actually I want trail to run when I manual set a stoploss,
suppose I set an stoploss 60 Pips away from the current price, so trailing stop should be 60 Pips away and step would be 1,
trailing stop will not always be same, I will manually set different trailing stops for different orders,
whenever I manually set a stoploss, trail should run with the distance which is between current price and stoploss,, -
@salahuddinonline Try the on Trade tab, there you will find the Order SL modified block. Here you would do the abstractions you did before and enable the trailing with the distance.
However, I not quite sure how to divide between manual SL adjustments and those done by trailing.
Probably you might disable the Order SL modified block assuming there will be only 1trade at a time the EA manages. -
@trader-philipps first of all thank you, I have tried your given guidance but still unable to set trailing stop, I wish you or someone else could help me out on this
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@salahuddinonline Do you have a project to start from? And one important question, iare the trades opened manually or by EA?
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@trader-philipps Trades will be opened manually
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Will all trades be opened manually? If so your EA will have to use number zero as Magic Number. Otherwise, it will not work. On the other hand, I guess the common 'Modify stops' block would do the job. As trader philipps said, it should be put on the 'On trade' tab.
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@l-andorrà Obviously one has to use "Modify Stops" block, but how to calculate distance between two values,
will not I have to use it as a variable, if need to use variable what would formula be?
if dont use variable then how would the value for trailing stop be calculated,
Trades can also be opened by Ea and one has to use group number for automated trades,
but my real question remain the same regarding trailing stop -
Trader.philipps is right. Do you have a project to start with? That would ease the possible solution you are looking for.
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It's what I tried,
but It's not working
I wish any one of you could help me out on this -
Trailing is not working, although stoploss has changed and notified,
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@salahuddinonline I think 1 For each trade block is enough. However, that might not be the solution of the issue.
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@trader-philipps What should be done then,
Once modified by user, trail should run accordingly,
is there any one who can give an example or show me how to do it -
Just to shed some light. If I understand it correctly, you want to specify different trailing stops to different simultaneous open orders?
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Yeah, you got it Right,
Different Trailing stops for different orders, -
Did you consider the possibility of running the same EA on different charts with one single trade each? That would dramatically ease the structure of the EA.
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@l-andorrà I have tried that too
But trailing is not working that's my main concern -
@l-andorrà said in Manual Trailing stop loss:
Did you consider the possibility of running the same EA on different charts with one single trade each? That would dramatically ease the structure of the EA.
Manual opened trades will have magic number 0 unless you have some trade manager that can set a magic number. So it wouldn't matter if there are 2 or 10 EURUSD trades, the EA on each chart would pick them all up.
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can you guys share an example how to do it ?
em unable to do it
