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.




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Download File


TrailingStop.act TrailingStop.act (2.50 KB, 1,747 views)

User Comments

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No Member Photo by mled posted Sunday, April 25, 2010
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Nice script. but would be it possible to have the same thing for sell positions? I'm beginner in scripting ;) Thanks for this.
No Member Photo by Kevin posted Friday, December 11, 2009
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Very nice :-) thanks
No Member Photo by GPY posted Friday, December 04, 2009
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Would be great if you implement automatic trailing stops without a need to program. Still, thanks for this.
No Member Photo by scriptor posted Monday, November 23, 2009
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Interesting idea :-) Thank you guys


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Type: SCRIPT

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