Trailing Stop after some cryptocurrency pips

[Lolaml]

Is there any way to implement a Trailing Stop after being in profits for a certain amount of pips?I want to establish an initial stop loss, but not to move until it is gaining a certain amount.For example, establishing the Stop Loss in 30 pips and, when it is winning 20 pips, that the stop loss moves to the equilibrium point and then becomes a trailing stop that moves as I still gain pips.

[angumaya]

That is possible on some advanced platforms such as Metatrader with personalized scripts, or in exchanges that offer configurable Trailing Stops.If your platform does not allow it, consider using trading bots to achieve it.

[Mangemsp]

A standard Trailing Stop will begin to move when you are winning 25 pips (in your example

[gic]

Exactly, but be sure to configure the parameters well so that Trailing Stop works as you expect.Erroneous settings can make your stop move too soon or late.

[lvalmiv]

Can you configure an initial stop loss that does not move until the trailing stop is activated?

[Sigifmego]

If possible.Some platforms allow establishing a fixed stop that only begins to move once you reach a certain level of gain.If you do not see it in the standard options, a small script or trading bot can do it for you.

[Gelimiumm]

If possible.You can establish an initial stop loss that only moves when Trailing Stop begins to work.

[Lxapulina55]

Be sure to try any new configuration in a demo account before using it in Real.Automatic functions are excellent, but they can also cause problems if they are not perfectly adjusted.