Trailing Stop every 5 pips from the open price
-
Hello
How can I set up a trailing stop in the following example?
The buying price is 1.1550
Stop loss 10pips (1.1540) but when the price goes up 5 pips, it moves the price every 5 pips into the desired direction. So, when the price reaches 1.1555 the stop loss would be 1.1555 (when the price goes up 1.1560, the stop loss would be 1.1560) and then every 5 pips into the desired direction.Thanks in advance.
-
@granproducto Ypui cannot move the stop loss to the current price level. Your broker will close the trade or will simply not move it at all.