Quote:
Originally Posted by world3000
A Trailing Stop moves the Stop Loss level once it’s “in the green” by the defined Trailing Stop Level. What I'm looking for is a Trailing Stop that moves as soon as the price moves in the right direction by 1 pip. Example:
Price: 1.5050. Stop Loss: 1.5000. Trailing Stop: 50 pips. Now price moves to 1.5051, Stop Loss moves to 1.5001 etc. Any ideas for MT4? Thanks in advance.
|
All of the MT4 brokers I have been with only allow a TS to
start after 10 pips profit has been reached then they increment
ever pip from there. So 11 pips = 1 pip profit
12 pips = 2 pips profit etc.
up to your TP.
I have also not come across an EA which will do the job either.
Caution the TS also does not work if you lose connection.