I'll give an example how the strategy would look:
1. I mark down a support or resistance level
2. If price gets as near as 20 ticks from the SnR level, the trailing stop entry order is automatically set 30 ticks behind the price
3. As price moves closer to SnR level, so is the trailing stop entry moving towards the price
4. If price turns around and moves 30 ticks in the opposite direction, then the stop entry order is triggered
5. If price breaks through the SnR level and moves additional 10 ticks, then the trailing stop entry order is canceled and no trade is taken
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