Moving Stop Activates when profitable....

[papercuts]

It would be nice to have a moving stop that activates when the position becomes profitable over x amount. A way to assure a profit if it wavers as it gets going. This can help eliminate fake out losses that would have been winners had it waited through the liquidity grab.

 

[Tee]

Have you tried using a trailing stop from the meta trader platform? If you right-click on the order at the bottom, you will see a trailing stop; you can use the setting or custom settings. Remember, if you put 100, it will trail every ten pips. If you use 250, it will trail every 25 pips etc.

 

[Enola]

With the Trailing Start and Trailing Step features, you can move your Stop Loss as the trade moves in your favor. After reaching the Trailing Start amount (Entry Point + Trailing Start), your initial Stop Loss will be dismissed in favor of your Trailing Step setting (Entry Point + Trailing Start - Trailing Step). So if you were to set a Trailing Start at 50 and a Trailing Step of 50, as soon as the trade moves 50 points into profit, your Stop Loss will adjust to be equal to your Entry Point. Following that, for every 50 points the trade moves in your favor, it will continue to move the Stop Loss (previous Trailing Step point - Trailing Step amount).