I enter a trade long and set a stop at 15 ticks.
1) I want it to trail at 15 ticks until I get to breakeven + 1
2) at which time I want it to settle in until I reach 32 ticks of profit at which time I want a
3) second trail to kick in to trail at 32 ticks moving at 2 tick frequencies.
4) Finally tighten the stop at 64 ticks of profit to a 16 tick trail on 2 tick frequencies.
1, 3 and 4 are easy. The question is: Is there a way, in an ATM strategy, to tell a stop to cease and desist once the trade reaches a certain point?
Thanks and have a Happy New Year,
Snap
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