Hey there, fellow traders! Today, I want to share a nifty script that’s going to help you manage your open positions more effectively. If you’re looking to enhance your trading strategy, this is for you!
This script is designed to trail the stop loss on all your open buy and sell orders. It’s a straightforward tool that can make a significant difference in how you protect your profits.
How to Set It Up
To get started, you’ll want to tweak the TrailStart and TrailStop parameters. These settings allow you to define how closely your stop loss follows the market price. Adjust them to fit your trading style and risk tolerance.
Customization Options
This is just a basic example of what you can do. Feel free to further optimize and customize this script according to your specific trading needs. The more tailored it is to your strategy, the better results you’re likely to see!
Check out the visuals below to see how it works:
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