If I place a buy at 1.000 can I place a trailing stop ahead of the price?
For example Buy at 1.000.
Place a stop at 1.010 with a trail of 3 pips before it gets to 1.010.
Also place a stop at 0.900 to cover any dips.
I would like to do this and walk away from my desk and know that if it breaks fast above 1.010 I am more in the money.
The trailing stops that can now be put in place require me to place a stop below my entry which I don't want to do.
For example Buy at 1.000.
Place a stop at 1.010 with a trail of 3 pips before it gets to 1.010.
Also place a stop at 0.900 to cover any dips.
I would like to do this and walk away from my desk and know that if it breaks fast above 1.010 I am more in the money.
The trailing stops that can now be put in place require me to place a stop below my entry which I don't want to do.