Increase position when trailing stop loss moves

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  • #208025

    Hi All

    I am reaching out for some help on coding, I want to find a way of doubling down on my position when the trailing stop loss is greater than open.

    I had a go at using pips, ie when market price is X pips above entry then open new position, but not had much luck getting this to work.

    Ideally I want the Stop loss to drive the entry and possibly be able to add a further condition.

    ie

    When my TSL is greater than market entry price by X then open new market position.

    Max positions 2

     

    thanks for your help.

     

    Tom

     

     

    #208047

    That’s an example:

    you may want to add some limit to the number of additional contracts to be traded (3 in this example):

     

     

     

Viewing 2 posts - 1 through 2 (of 2 total)

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