Topic: Sell stop buy stop
Does anyone know if it is possible to create a trailing sell stop and a trailing buy stop.
Thanks in advance
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Forex Software → Forex Strategy Builder (legacy) → Sell stop buy stop
Does anyone know if it is possible to create a trailing sell stop and a trailing buy stop.
Thanks in advance
You can use Trailing Stop Limit indicator in the Closing Point of the Position slot.
The Stop and Limit are set in pips (1 pip = 0.00001 for 5 digit broker).
Sorry I didn't explain properly I meant is there a function for a trailing pending order. So when I place a sell stop/ buy stop it will drag it behind the current price price by a nominated value of pips
thank you
Jeff
If you set "Steady Bands" as an exit indicator, it will place two exit levels - below and above the base price on a predefined number of pips. These levels will be updated at every new bar. By default "Steady Bands" uses a ME as a base, but you can set a period of 1 and "Base Price" - Open, so the exit levels will be at +- Margin in Pips from Open price.
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