This ProBuilder code snippet demonstrates how to implement a dynamic trailing stop strategy that adjusts based on the latest low of the market, along with a breakeven functionality that activates after a certain profit threshold is reached.
if not onmarket then
reset = 1
newsl = 0
endif
//si la bougie en cours clôture au moins 10 points au-dessus de mon entrée, alors je souhaite placer un stop profit de 1 points
if reset and close-tradeprice>=10*pointsize then
Set Stop pProfit 1
reset = 0
endif
//ensuite, une fois ce stop profit placé, à chaque bougie suivante, je souhaite faire placer mon stop profit juste au plus bas de la dernière bougie clôturée
if reset = 0 and longonmarket then
if low>newsl then
newsl = low
set stop price newsl
//monte le stop uniquement si il est plus haut que le précédent
endif
endif
Explanation of the code:
This strategy helps in managing open positions by securing profits through a trailing stop mechanism and reducing risk by moving to breakeven once a certain profit level is reached.