Trailing Stop on last Bar

[Siggi]

Hi,

can I use the Trailing Stop to be always on the Value of the Last bar.

e.g. on buy always on the button of the previous Bar or in sell always on the top of the previous Bar.

And if possible with Heiken Ashi Candles... Can you help me please?

Thank You
Siggi

[l'andorrà]

That will not be a trailing stop necessarily. Maybe that stop will move up and down depending on the high/low level of the previous bar. A trailing stop neves moves back, just forward. Are you sure that is what you want?

[Siggi]

hmm, I think you are wrong... it will never be lower, because the price hits SL before a new one is created? OH! I FORGOT!

The new SL must always be created with a new candle! This means that new "trailing stop" can never be lower then the low of the last candle. I will make a picture:

[roar]

@siggi copy-paste these blocks into your thing:
https://fxdreema.com/builder/shared/mrzlwPjcb

[Siggi]

@roar thank you very much!

[fideld003]

Hi @roar / @l-andorrà,

Is there a way when the SL moves, it automatically adds +10 PIPs to the SL to prevent easy SL trigger?

[l'andorrà]

@fideld003 You can use the exact same structure created by raoar and then just add +10pips and -10pips on both 'Adjust' tabs of the 'modify stops' blocks.

[fideld003]

Hi @l-andorrà, It doesn't seem to work. I added it on block 96, does not work. I tried it on block 97 and it does not work as well. Also checked the instructions on "?" and followed it, but still no results.

[fideld003]

@l-andorrà I also tried block which is called, "Modify stops of trades". Basically, what I am trying to accomplish is what the original poster wants as well but a modified version where:

1. SL is moving + 20 pips below the Candle1's Low.
2. TP is moving above candle 0's high + 30 Pips.

Also, may I ask what is the purpose of the yellow circle/line to connect a block?

Thank you for your response so far.

[l'andorrà]

@fideld003 Are you adding 20 pips to the low level? I guess you meant -20pips for buy (block 96) and +20 pips for block 97 (for sells).

On the other hand, do not use 'the value, as is' in the take profit. That means you will be adding 30 to a price like 1.2300. This would provide a final value of 31.2300. If you want 30 pips as a TP distance always choose 'as price fraction'.

[fideld003]

Hi @l-andorrà, I did it as something like this thanks to your advice.
For Buy: (Reference to other people in need)

[l'andorrà]

@fideld003 Exactly. This logic is correct.