"How to code moving stop-loss mechanism", is one of the most often repeating questions in private messages I receive, so just to focus on this mechanism, I made a spin-off from my previous script: TradingView-Alerts-to-MT4-MT5-dynamic-variables-NON-REPAINTING .
The logic here moves the stop-loss each time a trade is running and a new pivot high/low is detected....
Instantaneous Trendline Strategy by John Ehlers from his book "Cybernetic Analysis for Stocks and Futures".
You can choose implementation of stop-loss. Don't forget to define correct spread for your instrument.
