Automatically move stop once when price drops below a level
Hi. I have a trading strategy that I would like to execute but it involves moving the stop once when the price drops below a set threshold. Example:
Current EURUSD price is at 10,000 (easy numbers)
I put down a sell working order with the level set at 9,980 and a stop set at 9,990. The price drops to below 9,980 and the order is placed.
As soon as the price drops further to 9,960 or below, the stop is moved close to the current price, i.e. it is moved from 9,990 to
Hi. I have a trading strategy that I would like to execute but it involves moving the stop once when the price drops below a set threshold. Example:
Current EURUSD price is at 10,000 (easy numbers)
I put down a sell working order with the level set at 9,980 and a stop set at 9,990. The price drops to below 9,980 and the order is placed.
As soon as the price drops further to 9,960 or below, the stop is moved close to the current price, i.e. it is moved from 9,990 to