Hello,
I'm using Position Sizer (v3.11) and I'm looking for some help with the trailing stop feature.
From what I understand, the current trailing stop activates as soon as a trade is in profit, while the breakeven feature activates only after a specific number of points are reached.
What I'd like to do is set up my trailing stop to activate only after the trade has moved a certain number of points in my favor, for example, 50 points. Once that 50-point threshold is hit, I want the trailing stop to begin trailing the price, always staying maximum 50 points behind.
By doing this, I could lock in a specific profit.
Has anyone figured out how to do this or is there a setting I'm missing? Any advice would be greatly appreciated!
Thanks!