For example, suppose I'm entering long at current price of 1.50000 with a trailing stop of 100 ticks which will set the first S.L to 1.49900. However, although I want the trailing stop to be 100 ticks (for example, if the price changes to 1.50200, the S.L will be 1.50100), I don't want the S.L ever to be below 1.49950. As seen above, the first S.L will be 1.49900 which is below 1.49950.
Is there a way to have a trail stop loss which never cross a specific price?
Thanks
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