Topic: Trailing Stop + other conditions for Exit
Hi,
I have some problems with Closing a position. I want to close my position latest at a specific time (dont want to have positions open over night).
So my problem is, i could use exit hour for this purpose - but then i cant define other criteria.
For example i planned to realize a trailing stop and if neither the stop loss nor the take profit was hit, the position should be closed by an indicator signal or latest at a specific time.
Or said in other words - why is it not possible to use more "OR" parameters when I close a position?
Example for Exit:
1. Trailing Stop 50
OR
2. Take Profit 150
OR
3. One Choosen Indicator gives Exit signal
OR
4. Spedific Time
= First condition that is fullfilled closes the position
I hope I can realize this. Thanks in advance.