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Help with trailing step
 Post subject: Help with trailing step Post rating: 0   New post Posted: Tue 03 Feb, 2015, 21:25 
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Joined: Thu 23 Jan, 2014, 21:43
Posts: 17
Location: Peru, La Perla
I have a very simple strategy that I want to improve with trailing stop, but I don't know how to make it work, I tried to look for the webinars videos but the video quality is not good and theres not many information about this.

The most basic thing I would like to do its just to set a default trailing stop of 25 since the position its opened. This should be really easy to do, but honestly theres very little information, why the trailing step can't be set when the order its opened? Anyway I would appreciate any help.

The other thing, more complicated would be to set the order to break even after X amount of pips and since that moment assign a trailing step.

Thanks for any help.


Attachments:
dmiCross.vfs [43.27 KiB]
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 Post subject: Re: Help with trailing step Post rating: 0   New post Posted: Wed 04 Feb, 2015, 14:30 
Visual JForex expert at Dukascopy
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Joined: Thu 18 Apr, 2013, 09:26
Posts: 1496
Location: Switzerland, Geneva
Hi there;

Here you go ...
one remark:
- If you need your position viewer block to work regularly you need to avoid blocking the flow to it. In your case, you blocked the flow by your condition if open positions = 0 therefore no more checks can be performed once an open position is created.

Quote:
The other thing, more complicated would be to set the order to break even after X amount of pips and since that moment assign a trailing step.


You have to identify your breakeven situation either by calculation or by logical condition and therefore trigger your tailing step block once the condition is met.


Attachments:
dmiCross_V2.vfs [44.7 KiB]
Downloaded 226 times
DISCLAIMER: Dukascopy Bank SA's waiver of responsability - Documents, data or information available on this webpage may be posted by third parties without Dukascopy Bank SA being obliged to make any control on their content. Anyone accessing this webpage and downloading or otherwise making use of any document, data or information found on this webpage shall do it on his/her own risks without any recourse against Dukascopy Bank SA in relation thereto or for any consequences arising to him/her or any third party from the use and/or reliance on any document, data or information found on this webpage.
 

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