JumpingStop, then let it ride

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chimera
Trader
Posts: 13
Joined: Sun Dec 11, 2011 12:39 pm

JumpingStop, then let it ride

Post by chimera »

As the title says, is this possible.

Scenario:
I place an order, it goes well. To protect my gain, i move the stoploss to BreakEven, than apply a JumpingStop, lets say CandleTrail trailing the Close[2].

Here is the actual question part, is it possible to trail the position a set amount of candles, the let it ride to a defined takeprofit??

So the sequence would be, BreakEven plus 2pips at x amount of pips in plus, then trail the position with the Close[2] CandleTrail until the position was x, lets say 6 bars in plus, after that just let it ride until other rules decide it is time to close.

Yes No answer are good, but code examples are better ;)

Thomas
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