Hi,

So, I know how to programme a simple stop loss. But the thing I want to do I'm not sure how. It says in the manual under trail: "The stop loss is increased in a long position, and decreased in a short position so that it normally follows the price at the distance given by the sum of the Stop and Trail distance".

What I want to do is to set out different levels at which I raise the stop. For example. When i reach 50 pips, move SL to BE, when i reach 150 pip, move SL to 100 pips profit, and so on.

And I'm not sure how to get this right, cause what I can read, there's no way doing it using trailslope, traillock and so on. I just want to get this simple things right. Where _I_ set out my levels at which my SL changes.

Ibra

For stop management that is more complex than trailing, you need to write an individual trade function. Look in the manual under "Trade Parameters" how to individually manage a trade. There's also an example of a simple trade function that moves the stop loss to a certain level.

A simple trick to move SL to BE when 50 pips are reached is setting Trail to 50 pips and TrailLock to 1. Anything more complex however requires a trade function.

Hi jcl,

Thanks for your reply. I'll look into that.

Have a nice weekend.

It seems that Stop and TakeProfit var is static and only when the trade was entered it was set.

How can I modify those var on every bar or when a condition is met?
Need to use another var - Trail?

Stop, Takeprofit and Trail are described on the manual, but also in much better detail in the broker's introduction to trading. Every broker has such an introductory tutorial, and that is probably the best way to lean how a stop loss, profit target, and trail distance works.

For moving an existing stop or profit target to a different price, use the exitLong/Short functions - look at the example under "Tips & Tricks".