Dynamic Trailing Stop Activator

Dynamic Trailing Stop Activator

Dynamic Trailing Stop Distance Logic

1. Base Trailing Distance: Define a minimum trailing distance for small profits.
2. Profit-Dependent Distance: Scale the trailing stop distance based on the current profit level.
3. Cap Distance (Optional): Optionally, limit the maximum trailing stop distance to avoid overly large values.

Input Parameters

• MagicNumber : Filters trades by their magic number.
• BaseTrailingStop : Minimum trailing stop distance (in points).
• ActivationThreshold : Profit threshold in pips to activate trailing stop.
• ScalingFactor : Controls how quickly the trailing stop distance grows with profit.
• MaxTrailingStop : Optional cap on the maximum trailing stop distance (in points).

Example

1. BaseTrailingStop = 50 points
2. ActivationThreshold = 200 pips
3. ScalingFactor = 0.5
   • For every 1 pip of profit above 200 pips, trailing distance increases by 0.5 points.