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Date/Time: Mon, 28 Oct 2024 11:20:52 +0000

Post From: Move Stop loss to break even when price moves certain number of points towards target

[2024-10-10 16:36:22] Link To Thread - Link To Post [Go To First Post]
User321619 - Posts: 20
Hello, I searched the forum and documentation and found how I could move the stop loss to break even when one of the OCO is triggered. However, what am looking for is moving stop loss to break even when price moves certain points in direction of target but before the target is met. Example: 3 NQ contracts buy at market Entry price: 20150 Target: 20160 Stop Loss: 20140 I would like to move stop loss to break even when price reaches 20155. So, in case if it retraces am break even and do not lose money. Above numbers are just examples, but it shows the break even strategy I would like to implement. Again, I could do this if I have multiple targets and trigger the break even when first target is met. However, I just have one target and stop loss should move to break even based on number of points price moves in direction of target. Number of contracts could be 1 or more. Looking for a quick response as it will really help me. Thanks Date Time Of Last Edit: 2024-10-10 17:18:52