Hi, anybody here with a script or a EA that trails the current price Xpips using a buystop or sellstop? I have been looking all over but can not find anything helpful.
I'm investing in a trendfollowing system and I'm watching pullbacks. Lets say on a downtrend there's an upward pullback. When I see this pullback happen, I empower my script/EA that trails the pullback a couple of pips beneath the current price to get an optimal price to get back into the prevailing tendency (downwards) using a sellstop (sellstop having an option I choose when activating the script/EA). After execution of the halt, the script or EA would shut down.
Everyone has some thing like this? I have been looking all over but something helpful like this just HAS to be around somewhere, no?