How do Trailing Stops work and how do I code it?
Basic idea is you are long, and price is greater than your stoploss + X pips, you move the stoploss up to price - X pips.
If short, and price is lower than your stoploss - X pips, move the stoploss down to price + X pips.
Now, what do you need help with?
phy:
Basic idea is you are long, and price is greater than your stoploss + X pips, you move the stoploss up to price - X pips.
If short, and price is lower than your stoploss - X pips, move the stoploss down to price + X pips.
Now, what do you need help with?
Well, I think I understand the basic concept, but I can't seem to get it to function in my EA.
I must be coding it incorrectly or in the wrong place...
Hi all,
I've successfully written a couple EAs, the first one specific for a 4hr chart, using long EMAs and Stochastics, and the second one specific to 5min chart using Envelopes and MACD. I've tried to code a Trailing Stop and just can't get it to work anywhich way. I don't get syntax errors, but it doesn't seem to make any difference whether the code is there or not...
Please help