Trailing Stop - TP Based

Use Trailing Stop TP

It works when any TP is hit. You can select from what TP you want to start the trailing.At first, when TP1 hits, it will trail the SLs to breakeven. After every TP hit, it will trail the SLs of the trades to the previous TP level.

Example

You have 5 TPs in a trade:

  • XAUUSD BUY 2300.0
  • SL: 2290.0
  • TP1: 2310.0
  • TP2: 2320.0
  • TP3: 2330.0
  • TP4: 2340.0
  • TP5: 2350.0

If Trailing Stop TP is enabled and TP HIT starts from TP1, when TP1 at 2310.0 hits, the SL of all TP trades moves from 2290.0 to breakeven/entry price 2300.0.When TP2 hits, the SL of TP2, TP3, TP4, and TP5 moves to TP1 price 2310.0.When TP3 hits, the SL of TP4 and TP5 moves to TP2 price 2320.0.When TP4 hits, the SL of TP5 moves to TP3 price 2330.0.

Trailing start after TP hit

You can choose from which TP hit you want to start the trailing.

Smart Profit Lock%

Once you enable Trailing stop - TP based, you can automatically close a specific percentage of trade lots whenever a TP level is hit. You can set different percentages for every TP hit.Example:

  • After TP1 hits, close 10% of the lots from TP2, TP3, TP4, and TP5.
  • After TP2 hits, close 20% of the lots from TP3, TP4, and TP5.
  • After TP3 hits, close 50% of the lots from TP4 and TP5.

In this case, set the values as: 10, 20, 50.