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Hi
I am looking to create an automated expert adviser that will automatically trail my stops (if possible).
I want my trailing stops to be consistent with the amount I'm risking (1 R Multiple).
For example, if I'm risking 50 pips I want my trailing stop to start locking in profits once I hit 2 R's (100 pips) and then start the trailing stops at Entry + 50 pips, and then 1 R from then on.
An Example (long trade):
Buy: 0.70000
Stop Loss: 0.69500
1 st Target (2 R): 0.71000, Trailing Stop activated at 0.70500 (1 R)
2nd Target (3 R): 0.71500, Trailing Stop activated at 0.71000 (2 R)
.....and so on.......
I've attached a screenshot so you can see.