Trailing Stop For Each Trade Block

[Fibonatic]

Hello,

My broker doesnt allow my desired tight stops (fusion markets, vantage fx)
So I wanted to ask you if anyone
please could explain to me how to rebuild the trailing stop funcionality by using horizontal lines?

This should work exactly like the trailing stop for each trade block does.

Condition
And when (Bid or) Candle Close 0 <= HLine (SL-Buy) Command, Close trades (BuyTrades)

Condition
For Sell trades if (Bid or) Candle close 0 >= Hline (SL-Sell) command, Close Selltrades

My broker and nearly all others dont allow this kind of tight stops! Like fusion markets and vantage fx at Dow Jones (Indices).

So Im trying to find something similar that executes the stop ...
instead of placing it before

Maybe you even can create an example and post it here.

Thank you very much in advance for your answers

[l'andorrà]

Will that horizontal line be plotted manually or automatically?

[Fibonatic]

@l-andorrà

Automatically, the main property of that HLine would be that it only can move Up.

Or Vice versa

Still No concrete Idea how to do it.

But If it would also be possible with HLine drawn manually this way also would be interesting for me

[OntradingX]

@Fibonatic
I believe you have to do the following:

1. Create a condition so that every time you open an order a horizontal line is drawn, name it TraillingStart.
2. Create a condition so that another line is drawn and that it is at a distance from the TraillingStart line, call it Trailling Stop.
3. Create a condition that whenever there is a buy trade (for example) and the closing price of candle close (0) is > than the line called TraillingStart, then this line should move to the price of candle close (0 ).

Automatically the TraillingStop line will move along synchronously.
And to close, just create a condition (If the candle close (0) <= the TraillingStop line close the trade.

[OntradingX]

@Fibonatic
https://fxdreema.com/shared/HvKPP6h1e

[Fibonatic]

Maybe something like peak drawdown calculationn woul work. Related to this topic https://fxdreema.com/forum/topic/17553/drawdown-calculation