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| Make the Trailing Stop React to the ASK Price When I Close a Long Position and Vice Versa |
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vagadar
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| Post subject: Make the Trailing Stop React to the ASK Price When I Close a Long Position and Vice Versa |
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Posted: Wed 14 Aug, 2013, 22:52
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User rating: 0
Joined: Wed 14 Aug, 2013, 22:35
Posts: 2
Location: Bulgaria, Sofia
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Guys,
Is it possible to customize the trailing stop so that it reacts to:
1) Every change of the price, i.e. to every pip the price goes;
2) The ASK price when I close a long position, and the BID price when I close a short position (no matter that the long position will be inevitably closed at BID, and the short one will be inevitably closed at ASK - it will be just the trailing stop reaction).
Thanks, guys!
V.
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dirk_r1
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| Post subject: Re: Make the Trailing Stop React to the ASK Price When I Close a Long Position and Vice Versa |
Post rating: 0
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Posted: Thu 15 Aug, 2013, 15:07
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| Visual JForex expert at Dukascopy |  |
User rating: 27
Joined: Fri 03 May, 2013, 18:25
Posts: 366
Location: GermanyGermany
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Hello!
You can always visit our Dukascopy channel on youtube watching the videos about Visual JForex.
Anyway: the attached strategy might help you to find a solution.
| Attachments: |
Trailing_Profit2_withoutBarrier.vfs [29.71 KiB]
Downloaded 420 times
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vagadar
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| Post subject: Re: Make the Trailing Stop React to the ASK Price When I Close a Long Position and Vice Versa |
Post rating: 0
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Posted: Thu 15 Aug, 2013, 16:08
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User rating: 0
Joined: Wed 14 Aug, 2013, 22:35
Posts: 2
Location: Bulgaria, Sofia
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Thanks, Dirk_R1!
I'm new here, and I guess that's the reason I haven't gotten every piece of software on my PC yet. This vfs file's not recognized by my operation system. I looked it up on Google, but I'm still not quite sure what my next step's supposed to be. .
Anyway, perhaps now is the moment to clarify what I'm after. I want something like a virtual trailing stop-loss level that doesn't get me out of the market when crossed by the price. Say I've opened a short position. The ASK price may walk over my stop-loss without triggering any reaction by the platform. However, the moment the BID price touches this trailing stop-loss level or gets beyond it, no matter where the ASK one is, I want my position to be instantly closed at market. The opposite for long positions.
And I want this trailing level to move with every pip the price makes.
To be honest, I don't know how to programme such an Expert Advisor. I believe I should watch some of the tutorials. Would that help?!..
Thanks for your attention, guys!
V.
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dirk_r1
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| Post subject: Re: Make the Trailing Stop React to the ASK Price When I Close a Long Position and Vice Versa |
Post rating: 0
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Posted: Thu 15 Aug, 2013, 16:42
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| Visual JForex expert at Dukascopy | |
User rating: 27
Joined: Fri 03 May, 2013, 18:25
Posts: 366
Location: GermanyGermany
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Of course, that would help! https://www.google.lv/search?q=youtube+ ... &gws_rd=crMaybe you should start with an introduction. Also there will explained how to implement a .vfs-file.  But no worries: If you go through all of the videos you might know how to modify the strategy i just gave you - Otherwise feel free to ask, but first: Have a try 
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