Trailling Stop (How to use)
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I will try to explain to you how I understand it and also with a project where I draw lines to see the stopping points of each one.
Trailling Start - It just asks you:
(How many profit points above the opening price do you want me to move your Stop Loss?)
If you enter 300, it will do the following:
Open order at price 1000 when market price reaches 1300 stop movements.Here comes another question, (where should I move the Stop Loss?)
To answer this question, you must fill in the (Trailing Stop)
Trailling Stop - Does it ask you?
How many points below the price of (Trailling Start (1300)) do you want me to put yours (Stop Loss)?
If you enter 300, it will do the following:
Trailling Start is at 1300, when the price touches it I will put my Stop Loss at the price of 1000, ie 0x0.
If you put 250, for example, the StopLoss will be moved to 1050.Here comes the final question, the
that you want (Trailling Step), I understand this as a delay.
Why delay?
Answer: If you notice that there is sequence logic, if in (Trailling Step you keep (0), then you're talking about, don't be late, whenever the price makes a new higher price, drag my StopLoss next to each point, that is.
If my current price is 1300 and I have already secured my 0x0 to the price of 1000, when the price reaches 1301 drag my StopLoss to 1001, go point to point giving me profit.
Now, if you put a value on Trailling Step (50), you're saying:
After leaving me at 0x0, when the price is far from the sum of the points of (Trailling Start + TraillingStop, ie (300 + 50 = 350) 350 points above the price where my (Stop Loss) is, immediately move me giving 50 points of gain and I walk like that always.I tried to detail it because I see a lot of doubts about this, I hope it helps a lot of people around here, I like to put lines in the chart to unravel how it works and I do this for everything in all my EAs.
Follow the project link, if anyone has a better idea, share it too.
https://fxdreema.com/shared/2QD4rMMtd -
@ontradingx Excellent!!
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@ontradingx Thank you very much for sharing.

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@ontradingx I have asked all the correct question as taught but still no joy here.. Why would that be?


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@alphaomega Wow! .. after days I found the problem, why this trailing did not want to work!!!
I never specify the group number of the condition how the trade was opened in the first place. In other words the trailing condition followed only group 1 the sell orders that was opened.

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Nice work @OntradingX.
Good for you @AlphaOmega.