Dynamic trailing stop

May 27th, 2014, 03:00 AM

Hello Guys,

anyone know how to build a trailing stop that changes his value in relation to the position p&l ?

For Example:

P%L = 50 pips ---> Trailing Stop = -50 pips (be)
P%L = 100 pips ---> Trailing Stop = -70 pips
P%L = 200 pips ---> Trailing Stop = -90 pips
....

I prefere to don't use 1 minute bar and stop/limit orders to manage it, there is another easier way ?

Thank you for any answers

Regards
No Erocla

ABCTG · May 27th, 2014, 04:49 AM

No Erocla,

as you don't prefer the best way (in my opinion) to do it, you can try a trick and use the reserved word SetStopLoss to do the trick. You can use negative values for the dollar amount to move the stop to lock in profit. However SetStopLoss was not intended to do that and you might use a loop hole that Multicharts closes at some point.

Regards,
ABCTG

May 27th, 2014, 05:03 AM

Thank you like alwais abctg, i will use orders so.

Regards
No Erocla

Dynamic trailing stop

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Dynamic trailing stop