Hey all, I'm trying to have a stop that changes based on the gain/loss in a position. Here's what I'm trying to do:
1. On entry, there should be a fixed 8% stop loss in place. 2. If the instrument gains more than 8%, now have a 25% trailing stop, where the stop is trailed off of the highest high since entry. It would look something like(from another piece of software): HH=Highest(High,BarsSinceEntry,0) TrailStopPrice=HH-(HH*(25/100)) Any pointers greatly appreciated.
