Locking In Break Even
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Hi,
I am running a custom trailing stop formula for each trade. It is overriding my Break Even block. I am wondering if it is possible to have the break even be the absolute bottom for an exit once it is triggered while allowing the custom trailing stop to continue to calculate and adjust?
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Why dont you just make your trailing stop, begin at a price higher than your break even price?
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Yes, look at the Trailing Start option... this is basically the level beyond which the trailing stop is working, below that level it the same as you don't have trailing stop at all. And with this, maybe the break even is not needed.
