Shanez

How do I setup a trailing stop loss to meet the following conditions: 1. Let's call Risk "R" the value between entry level and stop loss level. 2. I want to setup a trailing stop loss. 3. The trailing stop loss should only move when price level moves in my favour 1.1 x R. 4. When it moves it should move to 1.1 x R above entry level. 5. All this should be achieved without the distance between the current price level and the new stop loss level being greater than R (should be as close to new level as possible). I look forward to hearing back from you. Kind regards, Shanez