Can you please help me setting up a template for profit target / stop loss?
I would need the template to initially have a 3 points (12 ticks) profit target and a 2 points (8 ticks) stop loss.
If the trade goes in my direction then the stop loss should be moved by 1 point once the price has moved in my direction by 1 point. After 3 points in my direction the profit target would be met.
If price goes against me by 1 point, on the other hand, then the profit target should be changed to 2 points and the stop loss would stay at 2 points.
How can I set this up?
Thank you!
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