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Date/Time: Sun, 08 Sep 2024 00:01:38 +0000

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Trailing Stop in increments

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[2024-07-25 16:26:04] #1 [Go To First Post]
ssangha84 - Posts: 114
Hello, I was wondering how to do a trailing stop so that the stop goes towards your take profit a certain amount when price goes in your direction by a set amount. For example, if price goes 50 ticks in my favor, then I want it to go to break even. Then when it goes 100 ticks, I want it to go to 50 ticks in profit, etc. There are so many options under the "type" menu for stop and take profit that I just have no idea which one would best suit my needs for doing this. Thanks

[2024-07-25 17:23:35] #2 [Go To First Post]
John - SC Support - Posts: 34254
The following gives an example setup for this kind of situation: Attached Orders: Target with Move to Breakeven and Trail Stop Example For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing

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