//*********************************************************************************
// https://www.prorealcode.com/blog/trading/complete-trailing-stop-code-function/
// (lines 17- 56)
//
//trailing stop function
trailingstart = 20 //trailing will start @trailinstart points profit
trailingstep = 5 //trailing step to move the "stoploss"
PointsToKeep = 2 //keep rhese points when it is first triggered
//reset the stoploss value
IF NOT ONMARKET THEN
newSL=0
ENDIF
//manage long positions
IF LONGONMARKET THEN
//first move (breakeven)
IF newSL=0 AND (close-tradeprice(1)) >= trailingstart*pipsize THEN
newSL = tradeprice(1)+PointsToKeep*pipsize
ENDIF
//next moves
IF newSL>0 AND close-newSL>=trailingstep*pipsize THEN
newSL = newSL+trailingstep*pipsize
ENDIF
ENDIF
//manage short positions
IF SHORTONMARKET THEN
//first move (breakeven)
IF newSL=0 AND tradeprice(1)-close>=trailingstart*pipsize THEN
newSL = tradeprice(1)-PointsToKeep*pipsize
ENDIF
//next moves
IF newSL>0 AND newSL-close>=trailingstep*pipsize THEN
newSL = newSL-trailingstep*pipsize
ENDIF
ENDIF
//stop order to exit the positions
IF newSL>0 THEN
SELL AT newSL STOP
EXITSHORT AT newSL STOP
ENDIF
//*********************************************************************************
