Once price is 50% of its way to the TP, set your stop loss at the gray line. Once price is 80% of its way to the TP, set your stop loss at the light gray line. Once price is 90% of its way to the TP set your stop loss at the white line.
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-Added a selection of whether your trade is LONG or SHORT to determine how the script will plot the Trailing SL -Only plots Trailing SL when price is 50/80/90% of its way to the TP mark
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Changed everything
Rob Hoffman's Trailing Stop Method (50/80/90)
Once price hits 50% of tp, raise stop loss to 50% of 50% of tp. Once price hits 80% of tp, raise stop loss to 80% of 80% of tp. Once price hits 90% of tp, raise stop loss to 80% of 90% of tp.
Instead of a plot, its using a table to easily see what the values are. Using interactive mode for quick set-up.
Thank you very much for that script. Very useful, as few people use the Hoffman Trailing stop loss.
How ever, could you share the first version of the srcipt ? The one with the lines ?
I find it easier to follow price that way and set the orders.
thanks a lot !!