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trailing Stop Loss once in the money

gm74 · 2016-08-24T09:47:38+00:00

Hi Everyone I would like to have a stop loss of say 250 points and then once my current position is making a profit of 100 points, set a trailing stop loss of 100 points. Has anyone already coded such a stop? If not, my question for the boffins out there is: Does the code “positionperf(0)” measure the real time Point loss or point gain of my current open position? Or only once it is closed? As then I can imagine my solution would be quite simple: SET STOP pLOSS 250 if positioneperf(0)> 100 then SET STOP pTRAILING 100 endif Have a happy trading day!

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trailing Stop Loss once in the money

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08/24/2016 at 10:47 AM #12158 quote

gm74
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Hi Everyone

I would like to have a stop loss of say 250 points and then once my current position is making a profit of 100 points, set a trailing stop loss of 100 points.
Has anyone already coded such a stop?

If not, my question for the boffins out there is: Does the code “positionperf(0)” measure the real time Point loss or point gain of my current open position? Or only once it is closed?

As then I can imagine my solution would be quite simple:

SET STOP pLOSS 250

if positioneperf(0)> 100 then

SET STOP pTRAILING 100

endif

Have a happy trading day!
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trailing Stop Loss once in the money

Platform Support: Charts, Data & Broker Setup

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Forum:	Platform Support: Charts, Data & Broker Setup
Language:	English
Started:	08/24/2016
Status:	Active
Attachments:	No files

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trailing Stop Loss once in the money

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trailing Stop Loss once in the money Platform Support: Charts, Data & Broker Setup

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trailing Stop Loss once in the money

Platform Support: Charts, Data & Broker Setup