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Hello,
i like to plot a protective stop which is defined as follows:
(for longs)
if the first bar after the buy appears that has a low higher than
buyprice+2 Ticks then the stop would be this low of the bar minus 1 Tick.
Example in Bund Future (Ticksize 0.01):
Entryprice = 118.23 ; wait for bar with a Low higher than
118.23+2*ticksize.
First Bar after Buy which has a Low higher than 118.25 appears maybe 3
bars later with actual low of this bar at 118.29.
Protective Stop would be at the low of this bar minus Ticksize = 118.28
with the next bar the protective stop should start.
I also got a trailingstop, but if this trailingstop is still lower
than protective Stop, the protective stop should sell the position then.
Can somebody please help if possible?
Regards
Robert
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