Hi
Assuming a long trade...is it possible to have the stop loss move upward
in two (or three) preset increments?
For example:
Target is 10 ticks.
Stop loss is 10 ticks.
After 5 ticks in profit, the stop loss would be moved to be 10 ticks back. Therefore if the trade
goes really bad, only 50% of the stop loss is lost. (So stop loss moves from 10 ticks originally
to 5 ticks.)
BUT IF the trade continues upwards to 8 ticks in profit, the stop is moved to breakeven, so if
the trade goes really bad there is no loss.
Using NT 7.0.1000.5 (in sim)
- Stephen
Assuming a long trade...is it possible to have the stop loss move upward
in two (or three) preset increments?
For example:
Target is 10 ticks.
Stop loss is 10 ticks.
After 5 ticks in profit, the stop loss would be moved to be 10 ticks back. Therefore if the trade
goes really bad, only 50% of the stop loss is lost. (So stop loss moves from 10 ticks originally
to 5 ticks.)
BUT IF the trade continues upwards to 8 ticks in profit, the stop is moved to breakeven, so if
the trade goes really bad there is no loss.
Using NT 7.0.1000.5 (in sim)
- Stephen
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