Topic: Stop Limit Formula modification
I find the stop limit function has alot of practical applications however can it be modified so that it can also be used with a trailing stop?
At the moment it is set as: eg Stop loss = -30, Take profit = 100 pips,
if the price does move in my direction it could move to say +90 pips before reversing and getting stopped out by the stop loss therefore turning a profit into a loss (-30 pips). Could it be modified so the the stop loss is in fact a trailing stop so if this does happen we can still capture a good portion of the move in case it does not reach the take profit limit.