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    Trailing STOP Feature Wanted

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    • J
      Joomlun last edited by Joomlun

      Hello,

      Im looking for a certain feature inside the "Trailing Stop Loss Each Trade" Block (Group also).
      For the Mode (Trail What?) STOP LOSS which is very near in similarity to the Trailing Profit Mode Feature. Where the TP gets smaller with every pip the trade is running out of profit.

      The feature shall be as follows.
      Pressupposed the Trailing Stop Loss is 20 Pips
      The Start is Off
      And the Step is 21
      And the trade is already running in profits with plus 27 Pips

      Now the feature:

      I set a level of 30 pips
      and as soon as the trade has hit this target. Means now it is running in Profits with 30 pips.
      The originally set to 20 pips Trailing Stop Loss Line shall behave as follows.
      For every Pips the trade from now on is falling out of profit the TSL Line shall ascend with one pip.
      if the profit is 30 the stop shall be at 20 ( as originally)
      if the profit becomes 29 it shall modify ( that means thighten up) to 19
      if the profit becomes 28 it shall be at 18
      if the profit becomes 27 it shall be at 17

      And so on. (Till trade closes if case happens)

      Furthermore

      If the trade now runs back into profit again from 27 to 28
      The TSL shall return to 18

      If the trade now runs back into profit again from 28 to 29
      The TSL shall return to 19

      If the trade now runs back into profit again from 29 to 30
      The TSL shall return to 20

      And from that stage onward shall behave like originally SET =
      TSL 20
      Step 21

      and now if agin it falls below 30 pips profit the same procedure again.

      Additionally

      If it hits the next target for example 40 pips

      there it shall start the whole procedure as it did from the 30 pips target hit level onwards NOW from this 40 pips profit level onwards.

      So the inputs would be like this
      TARGET HIT LEVEL 30 PIPS
      STEP of THL 10 PIPS

      Step for starting tightening the originally set TSL of 20 Pips (in this case 1 Pip)
      Also could be set to 5 Pips or so

      And maybe something more that I havent mentioned yet.
      Being necessary for this whole procedure.

      But I think the idea is clear.

      Everyone who works with trailing stop would be very interested in this I think.
      And the MultiLevels function doent last to substitute this.

      So please anyone who is skilled.
      Why do not programm this feature into the Trailing Stop Loss Blocks

      This feature is for not loosing so much of the already made profits
      And I would be happy if you knew any better.

      This one here looks abit similar
      in the video
      https://www.mql5.com/de/market/product/87325?source=Site+Market+MT4+Expert+Search+Rating006%3Adivergence

      But I think this is not what I had been proposing

      l'andorrà 1 Reply Last reply Reply Quote 0
      • B
        Byens last edited by

        trailing offset = 30 pips, trailingstop is 10 pips , trailing step is 1 pips, try this

        https://entrepreneurstart.pw | https://www.mql5.com/en/users/byens8199

        1 Reply Last reply Reply Quote 0
        • l'andorrà
          l'andorrà @Joomlun last edited by

          @Joomlun I'm afraid the only person who could do that is the admin, and personally I don't think he will. Maybe you can contact him directly and ask for it.

          (English) I will try to help everyone in these fxDreema forums. But if you want to learn how to use the platform in depth or more quickly, I can help you with my introductory fxDreema course in English at https://www.theandorraninvestor.eu.

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          (Español) Intentaré ayudar a todo el mundo en estos foros de fxDreema. Sin embargo, si quieres aprender a usar la plataforma en profundidad o más deprisa, te puedo ayudar con mi curso de introducción a fxDreema en español en https://www.theandorraninvestor.eu/es.

          1 Reply Last reply Reply Quote 0
          • jstap
            jstap last edited by

            I am not 100% sure what you want to happen, to trail a SL means if the price reverses it hits the stop saving the amount of pips lost, if the stop moves back you could try using pips away > < to give you the range in which you move the stop

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