Set up two entry trades,
Enter Start Price, Stop Loss & Limit of the first trade.
First Trade A, with Stop/Limit at 1R
First Trade B: Contingent Order, Entry set at two different points. Stop Loss at 1R between the two trades, Limits 2R above and below Entries.
between the two trades
Which two trades?
one with Stop Loss and Limit,
second the same without the Limit.
When the Limit is hit, the second trade Stop Loss is moved to the original Entry Price
Dynamic stop Loss will be used for second trade.
How R is calculated?
Can you provide a detailed step-by-step instructions.
Via graphics probably.
From my team
First trade A: Entry Sell/Buy, Limit & Stop Loss both 1R.
Two entry order or just one? One of them is buy and one is sell? At what levels? Limit for one of them is 1R and the stop for another 1R? Or something else?
First Trade B: Contingent Order, Entry set at two different points. Stop Loss at 1R between the two trades, Limits 2R above and below Entries.
What entry points? Stop Loss at 1R? Or between two trades (A and B or two trades from the first trade A)? Limits 2R above and below Entries? how is that?