Authored by: Inovance - inovancetech.com
Are you ready to take your trading to the next level? Adding a trailing stop to your entry signals can be a game-changer. It's straightforward: set your entry conditions so that the LongRule() function returns "1" when the long conditions are met, and the ShortRule() function returns "-1" for short conditions. Plus, you can easily set the trailing stop distance in pips as an external input.
Your trailing stop will adjust with each tick, ensuring you're maximizing your potential profits while minimizing risk.
Key Recommendations:
- Compatible with both 4 and 5 digit brokers.
- Always run your tests on a demo account before going live.
- This setup does not include exit logic beyond the trailing stop.
- An example strategy is included in the template for your reference.
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