here is the thing..I will be away from my computer after order entry and need an auto trail SL because I will not be able to manually move the chart trader SL..
I will be trading 60 min charts..w chart trader for order entry and exit..so I all I need to know is how do I set an auto trail SL for 20 ticks? IOW...I want the SL to move 20 ticks in the direction of price for every 20 ticks of unrealized profit.
so basically.. if my initial order entry SL is 40 ticks, and price moves in my favor by 20 ticks, I would want the first move of auto trail SL to be 20 ticks (SL would now be 20 ticks). if price moves another 20 ticks in my favor, then I want the auto trail SL to move another 20 ticks ( SL would now be break even)...and so forth and so on..
all I see on ATM auto trail box is 1 step, 2 step, 3 step..this is what is confusing me.
Can someone please provide a template example for a 20 tick auto trail SL?
also, do I still need to place SL in my initial order entry on chart trader..if using auto trail SL?
any help much appreciated...sorry for seeming sooo confused on what I thought would be a simple matter for me to grasp..
Comment