Trailing OPEN

 

Hi,

I'm looking for a trailing OPEN script.

Here's my idea: When see an uptrend you want to get in at a swing low.

So you enter a pending buy order when you're in the down swing, just a few pips above the current price. When price retraces further, the entry level for the pending order is lowered 1 pip for every pip the price drops.

This trailing continues untill price has reached the end of the retracement and when it goes up it hits the pending order and the buy order is a fact.

The same can be done for a downtrend with a pending sell order.

Any ideas?

Maurice

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