by blessedtrader » Tue Sep 25, 2012 9:38 pm
I want to set my stop much further away than 20 pips and when the trade goes in my favor, stop moves to break even and half my position is sold. Example: I go long gbp/usd at 1.55, set stop at 1.54 and take profit at 1.57. The trade moves in my favor 20 pips at 1.5520. My stop automatically moves to 1.55 and half my position is sold, leaving no risk on the table. Is there a way to program this? Thank you again for all your help!