Moving Stop for all trades on Currency Pairs
Posted: Thu Jan 19, 2017 12:19 amHi,
I would like to request a strategy (LUA for Trading Station) that can attach to all trades on a particular currency pair, which sets a new SL when a particular profit target is met.
For example, a strategy configured for EUR/USD, that automatically looks for any open trades on that pair, if an open trade reaches X pips profit, move the SL to +/- Y number of pips from entry.
Use case scenario:
- Trades are opened with an initial SL set at 150 PIPS.
- If a trade reaches 150 Pip profit, set SL to +25 pips from entry.
My goal is to adjust trades into a no-loss position once a particular target is met, but keep the trade going towards it's initial target.
I hope this makes sense.
Thank you
I would like to request a strategy (LUA for Trading Station) that can attach to all trades on a particular currency pair, which sets a new SL when a particular profit target is met.
For example, a strategy configured for EUR/USD, that automatically looks for any open trades on that pair, if an open trade reaches X pips profit, move the SL to +/- Y number of pips from entry.
Use case scenario:
- Trades are opened with an initial SL set at 150 PIPS.
- If a trade reaches 150 Pip profit, set SL to +25 pips from entry.
My goal is to adjust trades into a no-loss position once a particular target is met, but keep the trade going towards it's initial target.
I hope this makes sense.
Thank you