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Forex Forum → Help and Support → Trailing Candle Closing Condition?

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Posts: 3

Topic: Trailing Candle Closing Condition?

Hi there I am interested in building a breakout strategy which will allow entry upon a break out of the highest high or lowest low of a certain number of bars, and a trailing stop using the high or low of previous "x" bars.

I believe the Entry Condition "Hourly high and low" would allow me to choose the time interval for the high and low breakout area correct?

However, I am not seeing any trailing candle stop options within the closing logic conditions.  Is this trailing candle option available in ForexSB?

I will give an example of the basic strategy:

Say I would like to enter the market at a breakout high or low of the highest high or lowest low between the candles during 1:00 - 10:00 (broker clock).  I am assuming the "Hourly high and low" would allow this entry condition?

And say I would like the trade to stay open until the trailing candle stop is hit.  With the trailing stop being the lowest low of the previous 3 hourly candles for a long trade, or the highest high of the previous 3 hourly candles on a short trade.

Any help would be great.

Thanks
Serge

Re: Trailing Candle Closing Condition?

I would make it look like this:


http://s32.postimg.org/aichz61xt/bal.jpg

Re: Trailing Candle Closing Condition?

Ok thanks very much! smile

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