I would like to set a specific profit point that one its reached, the stop loss automatically moves up to that level at executes once if it drops down to it. e.g. I set it for 4 ticks and the market goes up 6 ticks, an then drops back down to 4 and my stop is executed. What is this called?
I would also like to set an interval at which the stop moves. e.g. every 2 ticks my stop is placed 2 ticks higher, so my profit is locked in that much higher. Is this whats called frequency?
I realize these are easy questions, but I tried yesterday to set it up and it didn't work. Thanks for the help, and once again sorry for asking a question that , if i had some more time right now, I could have found via search.
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