Date/Time: Fri, 01 Dec 2023 09:49:08 +0000
Trailing Stop as a Percentage
View Count: 980
|JayShea - Posts: 92|
Should I want to protect 70% of any profit in a current trade (as opposed to a set tick amount), it's not clear how that should be programmed.
For example: I buy EURUSD and after 10-p profit the trailing stop is triggered. If I want to protect 70% (or 7-p), as profit (touch wood) increases, the gap between 70% stays the same as a percentage but not as a value. E.G. At 10-p profit I have 3-p between my 70% and the 10-p profit. At 20-p profit I have 6-p between my 70% and the 20-p profit. This example indicates my goal.
Does current programming support this?
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