Trailing Stop

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Trailing Stop


Trailing Stop Strategy


 
This strategy opens a buy position with a predefined stop for the chosen instrument, account, and trader range.




The strategy uses the tick history to react to any rate change.

In case the instrument price goes up, the stop order is modified: the close rate is moved up, for the same number of pips.



In case the instrument price goes down, nothing happens, until the rate reaches the stop level at which the position is closed.



Download File


TrailingStop.act TrailingStop.act (2.50 KB, 980 views)

User Comments

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No Member Photo
View Members Profile...,Posted By by scriptor added Monday, November 23, 2009


Interesting idea :-) Thank you guys
 

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View Members Profile...,Posted By by GPY added Friday, December 04, 2009


Would be great if you implement automatic trailing stops without a need to program. Still, thanks for this.
 

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View Members Profile...,Posted By by Kevin added Friday, December 11, 2009


Very nice :-) thanks
 

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View Members Profile...,Posted By by mled added Sunday, April 25, 2010


Nice script. but would be it possible to have the same thing for sell positions? I'm beginner in scripting ;) Thanks for this.
 


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Type: SCRIPT
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