trailing Stop Loss once in the money

• 08/24/2016 at 10:47 AM #12158
  gm74

  Hi Everyone

  I would like to have a stop loss of say 250 points and then once my current position is making a profit of 100 points, set a trailing stop loss of 100 points.
  Has anyone already coded such a stop?

   

  If not, my question for the boffins out there is: Does the code “positionperf(0)” measure the real time Point loss or point gain of my current open  position? Or only once it is closed?

   

  As then I can imagine my solution would be quite simple:

  SET STOP pLOSS 250

  if positioneperf(0)> 100 then

  SET STOP pTRAILING 100

  endif

  Have a happy trading day!

  

  gm74

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