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Trailing stop after up some pips and question trailing step

  • Post #1
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  • First Post: Jun 19, 2017 12:02am Jun 19, 2017 12:02am
  •  m0b1us
  • | Joined Jan 2013 | Status: Member | 34 Posts
Is there a way to implement a trailing stop after you are up a certain amount of pips? I want to set an initial SL but not have it move until I am up a certain a mount of pips. For instance, set the SL at 30 pips, then when I'm up 20 pips have the SL move up to breakeven and then be a trailing stop which moves as I gain pips. Also, how does the trailing stop work? I have read about it but can't figure it out. If I set it to 25 pips, I thought it would break even at 25 pips, then when I hit 50 pips it would move to 25 pips, but it doesn't seem to work like that for me.
  • Post #2
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  • Jun 19, 2017 12:37am Jun 19, 2017 12:37am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,460 Posts
A standard trailing, will start trailing at 25pips (your example), then trail up your SL pip by pip ... until price retraces back on the SL.

This standard TS is available in your MT4 platform. Right click on the order in the terminal "trade" tab ... Then set the trailing as per your need.
MT4/MT5 EAs/Indicators/Alerts coder
 
 
  • Post #3
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  • Jun 19, 2017 3:50am Jun 19, 2017 3:50am
  •  m0b1us
  • | Joined Jan 2013 | Status: Member | 34 Posts
Can you set an initial stop loss that will not move until the trailing stop kicks in?
 
 
  • Post #4
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  • Last Post: Jun 19, 2017 3:51am Jun 19, 2017 3:51am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,460 Posts
Quoting m0b1us
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Can you set an initial stop loss that will not move until the trailing stop kicks in?
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Yes
MT4/MT5 EAs/Indicators/Alerts coder
 
 
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