Dear all, my name’s Giovanni and this is my first post in this forum.
I was wondering if, using an automatic trading system, I can manage my open position in this way:
- identify current price of my open position
- move an order accordingly to my actual price, without waiting the end of the bar.
let me give an example: I run my system with a timeframe = 1 day and when market opens, I open a long position and define a stop as a sell order “stop” at level L1 (obviously < of opening price).
If market goes up in the same day, let’s say 20 pips up, I want to move up my sell order of 20 pips, to set risk to zero.
Again in the same day, price moves up 15 pips again, and I want to move up my stop order by 15 pips and so on.
just to recap: I’d like to simulate a trailing stop in the same bar, managing the stop level at my will.
Does anybody has faced a similar issue and found a solution?
thank you all
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