Stop Loss Lock

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shaym
Posts: 2
Joined: Mon Mar 19, 2012 9:42 am

Stop Loss Lock

Post by shaym »

Hi

My biggest downfall in trading is in the heat of the moment I move the Stop loss further from the entry, I have tried different mind management techniques but once in a while I still slip up and that trade costs me my account because I moved the Stop Loss.

I wanted to know is there a script or EA where you set your Sl then it wont let you move the SL any further from Entry price but it will let you move SL to Break even
dudest
Trader
Posts: 1847
Joined: Tue May 08, 2012 2:37 pm

Re: Stop Loss Lock

Post by dudest »

shaym » Sat Feb 08, 2014 4:42 pm wrote:Hi

My biggest downfall in trading is in the heat of the moment I move the Stop loss further from the entry, I have tried different mind management techniques but once in a while I still slip up and that trade costs me my account because I moved the Stop Loss.

I wanted to know is there a script or EA where you set your Sl then it wont let you move the SL any further from Entry price but it will let you move SL to Break even
If I may make an uncomfortable obversation: Even if you had an SL lock script/EA, there'd be nothing to stop you from deactivating it in order to forcefully move SL "in the heat of the moment"

Moral: there will always be heat; a script won't help you unless you take responsibility for your trading actions (else you'll always over-ride it)

Sorry if I've misunderstood you

Cheers
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