Hi. What I want to do is set my Trailing Stop Loss at e.g. 30 pips with an additional rule - it must allow for e.g. 60 pips of movement below the
initial entry price of the trade before triggering & exiting the trade, if the price is above the initial
entry price then it should function as a normal Trailing Stop Loss. Is this possible without downloading MT addons? Maybe
someone knows of an MT addon that will do this?
I see, here is my post better described:
Custom Trailing stop
- If market is above trade entry then act as a standard
Trailing Stop. e.g. 30 pips.
- if market is below trade entry then act as a standard
Stop Loss e.g. 60 pips.