Hey guys,
I'm trying to find a way to have my stop loss on a given trade moved higher/lower when price reaches a certain level, even if the trade hasn't triggered yet.
i.e. I have a current buy limit order for 3,150 units of GBP/AUD placed at 1.9555 - this trade has not triggered. The stop loss for this limit order is set down to 1.90050.
Because I am on the west coast, USA and I don't trade until daily candles print at UTC -4, the majority of trading happens when I am asleep or at least not at my computer.
Therefore, I would like a way for my stop loss on this trade to move to where my limit order currently is, but only after the limit order is triggered and price reaches a certain level higher, say 1.9460 in this instance.
This will protect my trade while I can't monitor it. Is there an easy way to do this with TradingView?
I'm trying to find a way to have my stop loss on a given trade moved higher/lower when price reaches a certain level, even if the trade hasn't triggered yet.
i.e. I have a current buy limit order for 3,150 units of GBP/AUD placed at 1.9555 - this trade has not triggered. The stop loss for this limit order is set down to 1.90050.
Because I am on the west coast, USA and I don't trade until daily candles print at UTC -4, the majority of trading happens when I am asleep or at least not at my computer.
Therefore, I would like a way for my stop loss on this trade to move to where my limit order currently is, but only after the limit order is triggered and price reaches a certain level higher, say 1.9460 in this instance.
This will protect my trade while I can't monitor it. Is there an easy way to do this with TradingView?