Hello fellows,
I am searching to know if an indicator already exist on MT4 that would allow a 2 step stop loss ?
More precisely:
Step 1: the stop loss is placed automatically at breakeven or breakeven + (x) number of ticks/pips,.. when the price has reached an (x) number of ticks/pips,
Step 2: the stop loss begins to trail of an (x) number of ticks/pips, when the price has reached a (x) number of ticks/pips, with a step of (x) number of ticks/pips.
As an example, the stop loss goes to BE+1 pips (stop win) when the price goes in the good direction of 6 pips and then, the stop loss trails 2 tick each time the price continue to reach 8 ticks.
This kind of features is possible on Ninjatrader 7/8 or Sierrachart.
I was wondering if this was possible on MT4.
This would also be very interesting coupled with an efficient EA.
Thanks.
I am searching to know if an indicator already exist on MT4 that would allow a 2 step stop loss ?
More precisely:
Step 1: the stop loss is placed automatically at breakeven or breakeven + (x) number of ticks/pips,.. when the price has reached an (x) number of ticks/pips,
Step 2: the stop loss begins to trail of an (x) number of ticks/pips, when the price has reached a (x) number of ticks/pips, with a step of (x) number of ticks/pips.
As an example, the stop loss goes to BE+1 pips (stop win) when the price goes in the good direction of 6 pips and then, the stop loss trails 2 tick each time the price continue to reach 8 ticks.
This kind of features is possible on Ninjatrader 7/8 or Sierrachart.
I was wondering if this was possible on MT4.
This would also be very interesting coupled with an efficient EA.
Thanks.