How can I upon entry of a long or short position immediately set a stop loss when the following conditions are met:
1. set a stop loss to exit at the price of the previous 2 bar low.
2. as price continues to move in the direction of the trade I would want the stop loss to adjust to that movement.
Can this be done as an ATM strategy. If so what would I use to do that? I am not a programer but would like to learn how to do this.
Thanks for any assistance you can offer.
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