Hi, anybody here who has a script or an EA that trails the current price Xpips with a buystop or sellstop? I've been looking all over but can't find anything useful.
I'm trading a trendfollowing system and I'm watching pullbacks. Lets say on a downtrend there is an upward pullback. When I see this pullback occur, I enable my script/EA that trails the pullback a couple of pips under the current price to get an optimal price to get back into the prevailing trend (downwards) with a sellstop (sellstop being an option that I choose when activating the script/EA). After execution of the stop, the script or EA would shut down.
Anyone has something like this? I've been looking all over but something useful like this just HAS to be around somewhere, no?
I'm trading a trendfollowing system and I'm watching pullbacks. Lets say on a downtrend there is an upward pullback. When I see this pullback occur, I enable my script/EA that trails the pullback a couple of pips under the current price to get an optimal price to get back into the prevailing trend (downwards) with a sellstop (sellstop being an option that I choose when activating the script/EA). After execution of the stop, the script or EA would shut down.
Anyone has something like this? I've been looking all over but something useful like this just HAS to be around somewhere, no?