Hi,
Question: is it possible to set a Trailing Stop based on time?
The situation is as follows:
Buy 1 LOT AT MARKET with a trailing stop of 10 points (from the entry price) in a 15 min chart.
After buying 1 LOT, the price drops and the trailing stop stays at 10 points and after 5 min. the price is still below the entry price.
Is it possible that after 5 min. , the trailing stop moves automatically to 5 points (from the entry price) and after 10 min. to breakeven and so on….. so in steps of 5?