I'm trying to design an ATM strategy does the following:
1) Puts a Hard 8 tick stop at the onset of a trade.
2) If the the trade gains 20 ticks, the 8 tick hard stop gets cancelled, and replaced with a 10 tick trailing stop, which gets "updated" every 5 ticks (in other, not until the trade goes up to 25 ticks, does the trailing stop move up to 15, that is 25 less the new 10 tick stop).
I hope this is clear. I have made a few attempts at this in the ATM windows, and keep getting a strategy that, at 3 ticks, creates a three tick trailing stop, which is clearly not what I want.
thanks
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