I would like to know if it is possible to adjust the stop loss (SL) based on the % of the profit target (TP) reached:
1. when 25% of TP is reached, move SL to 12.5% profit (This means that I will at least cover commission and spread once 1/4 of the TP is achieved.
2. when 50% of TP is achieved, move SL to 25% profit.
3. when 75% of TP is achieved, move SL to 50% profit.
(If none of the SLs are hit, the postion will exit at the TP.)
Will this be possible out of the box with an ATM strategy in NT8? If not, how much custom programming will this involve?
1. when 25% of TP is reached, move SL to 12.5% profit (This means that I will at least cover commission and spread once 1/4 of the TP is achieved.
2. when 50% of TP is achieved, move SL to 25% profit.
3. when 75% of TP is achieved, move SL to 50% profit.
(If none of the SLs are hit, the postion will exit at the TP.)
Will this be possible out of the box with an ATM strategy in NT8? If not, how much custom programming will this involve?
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