Hi

I hope I am posting this in the correct forum – see ahead

I am a bit confused how trailing stops work. I want to open a position manually then invoke/start a trailing stop (Parabolic SAR, standard settings). I am familiar with scripts in Metatrader where one would start the desired one after opening a position.

I found some code on the forum but this is a trading system which automatically initiates and closes trades. (see below)

Where I get confused is is it possible to open a trade manually and trade it automatically – is this done via an indicator or trading system (or something else?) Any pointers would be greatly appreciated.

An associated question: Is the stop triggered when the value is reached, or only at the close of the bar? Is there a way to specify for either condition?

/——————————————————

/sorry -no idea how to use BBCodes ………………….

REM INDICATOR
mySAR = SAR[0.02,0.02,0.2]
REM CONDITIONS
c1 = mySAR >= High
c2 = mySAR <= Low
IF Not OnMarket THEN
IF c1 THEN
  BUY 1 CONTRACT AT mySAR STOP
ENDIF
IF c2 THEN
  SELLSHORT 1 CONTRACT AT mySAR STOP
ENDIF
ENDIF
IF LongOnMarket THEN
mySTOP= mySAR
  IF Close >= TradePrice(1) THEN
   mySTOP = mySAR
   SELL AT mySTOP STOP
  ELSE
   SELL AT mySTOP STOP
ENDIF
ENDIF
IF ShortOnMarket THEN
mySTOP= mySAR
  IF Close <= TradePrice(1) THEN
   mySTOP = mySAR
   EXITSHORT AT mySTOP STOP
  ELSE
   EXITSHORT AT mySTOP STOP
  ENDIF
ENDIF