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Post, discuss and review the best MetaTrader Trade Management tools for trailing…
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By mntiwana
#163
Geko wrote:Hi,
Welcome at GIG Mntiwana,
yes sure :-)
Hi moderator
Thanks for encouraging,actually i was about to ask and suggest if an indicator be coded in a way to detect previous high (a bar is higher than its 1 previous bar and 1 next bar) in down trend and previous low (a bar is lower than its 1 previous bar and 1 next bar) in up trend ..... for to trail stop loss .......... suppose we are in down trend and a first previous HIGH is created,let it go and when a second previous HIGH is created,trailing stop should be slip at first previous high,so when a third previous high is created,TS should move ahead (slip) at second previous high and so on ..... at some stage when previous high is broken by price,trade might be closed fully or partially,if partially then closed full trade when opposite signals according to ones strategy ..... if not understand able please inform i will be try by an illustration picture.
regards
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