I realise that what i wrote might have been confusing to read, sorry and let me rephrase so its more understandable.
As it is now, the trailing stop loss im using moves the stop loss 20 pips up, for every 40 pips of profit i make.
What i would like is a stop loss that works like this:
When the trade starts, my target is 200 pips and stop loss is 90 pips.
If my trade gets 40 pips in profit i want a trailing stop loss to start, with 40 pips as trailing stop.
In other words, when i get 40 pips profit, my new stop loss is 0 pips profit.
If my trade goes to 60 pips profit, my new stop loss is at 20 pips profit. (60 pips profit in trade- 40 pip trailing stop loss = 20 pips profit)
if my trade goes to 100 pips profit, my new stop loss is at 60 pips. ( 100 pips profit in trade – 40 pip trailing stop loss = 60 pips profit)
I realize PRT systems can only move the stop loss after each candle(?), and thats fine, gotta live with that. Unless it can work with the equity curve, calculating my highest high in EQ curve and calculate new stop loss as it moves up or down in profit? But anyways, if the candle moves 5 or 20 pips up, before it closes, i want the stop loss moved every time my profit is peaking above 40+ pips.
I hope this was more clear.
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