Hello
thank you for your job guys and sorry for my bad english
Is i t possible to create a trailing stop for MT4 that never go back and with possibility to setup up 5 different distance in pips in regards of the price ?
So in this case, we can setup the distance of pip for different situation of the price, during the progress of the trade. We can in this case setup 5 position that will depends of the distance of pip of the price since the beginning.
For each step we can setup :
- Price : number of pips of the price since the beginning of trade /
- distanceSL : distance of SL in pips
Example with a buy order.
step 1 (opening order) : Price = 0 pips -> distanceSL = 20 pips
step2 : Price >7 pips -> distanceSL = 5 pips
step3 : Price > 20 pips -> distanceSL = 10 pips
step4 : Price > 50 pips -> distanceSL = 10 pips
step5 : Price > 100 pips -> distanceSL = 5 pips
And the stop never move back. When we open an order, the stop start automatically with the setup we decided
Thank you