I'm looking for a cAlgo developer to help me with my Robot's Trailing Stop Functionality
Created at 10 Feb 2025
Status
Closed
Budget
60.00 USD
Payment Method
Direct Payment
Job Description
This robot is designed to automate trading actions based on predetermined news event timings.
It monitors the market until a specified news time and executes an order (buy or sell, based on a user parameter).
Trailing Stop Management
- Dynamic Trailing Stop Adjustment:
The robot continuously monitors open positions (those with labels that start with your base label).- For Buy positions, it tracks the maximum reached Bid price since entry; for Sell positions, it tracks the minimum reached Ask price.
- Once the price moves favorably by a defined trigger distance (TrailingStopTriggerPip, converted using the symbol’s pip size), the robot calculates a new stop loss (by stepping back a specified number of pips, TrailingStopStepPip).
- It then updates the stop loss of the position if the new level improves the risk/reward.
Comments
GR
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GregorianDev
·
1 week ago
Hi there, I can help you with your project. contact me @:
My Email: easyyman2@gmail.com