Candle Trailing Stop
Posted: Mon Mar 05, 2018 12:15 pm
Based on the request.
viewtopic.php?f=27&t=24012
Bullish : The strategy checks, if a trade is opened. If yes, a stop loss is set a specified number of pips below the low of the latest bullish candle. Afterwards, the stop is trailed to the next low of the next closed bullish candle etc.. If the next closed candle is not bullish, the stop remains where it was until a bullish candle is created.
Bearish: vice versa
viewtopic.php?f=27&t=24012
Bullish : The strategy checks, if a trade is opened. If yes, a stop loss is set a specified number of pips below the low of the latest bullish candle. Afterwards, the stop is trailed to the next low of the next closed bullish candle etc.. If the next closed candle is not bullish, the stop remains where it was until a bullish candle is created.
Bearish: vice versa