Combining B/E and Trailing Stops

[uptick]

I would like to setup a strategy that intially puts in a stop loss when I get filled. I then would like to have that stop loss move up 1 point for every 1 point that the market moves in my favor (so this would be a "trailing stop"). However, when the stop reaches or exceeds my entry price, the trialing stop loss becomes a resting stop at the entry price (i.e., once the stop moves to break even, there is no further movement).

So, I am trying to setup a "trailing break-even stop loss". Is this possible under NT? How do I set up this type of stop?


Thanks!

[Byron]

Hello,

Enter the following settings in the custom stop strategy window to accomplish this strategy. You can adjust the stop loss value.

Create a 2 step Auto trail

Step 1: Stop loss = 5 ; Frequency = 1; Profit Trigger = 1

Step 2: Stop loss = 5; Frequency = 999; Proftit Trigger = 5

Try practicing with the strategy in simulation mode. Please let me know if you have any questions.