OPEN-SOURCE SCRIPT
Trailing Stop Line by Auto Markets
Trailing Stop Line by Auto Markets is a powerful tool to help traders manage their trades by automatically plotting a dynamic trailing stop level. It uses the highest high over a user-defined period to calculate a trailing stop percentage, enabling traders to lock in profits and minimize losses.
Key Features:
• Dynamic Trailing Stop: Automatically adjusts based on the highest high over the last 100 bars.
• Customizable Stop Percentage: Adjust the trailing stop percentage to fit your risk tolerance.
• Easy Visualization: A clear, purple line is plotted to indicate the trailing stop level.
• Includes Auto Markets branding, ensuring professional credibility.
How to Use:
1. Add the script to your chart.
2. Adjust the Trailing Stop Percentage to fit your trading strategy.
3. Use the plotted line as a reference for placing or adjusting stop-loss orders.
About Auto Markets:
Developed by Auto Markets, a trusted name in trading solutions. Visit us at automarkets.co.uk for more innovative tools and resources.
Key Features:
• Dynamic Trailing Stop: Automatically adjusts based on the highest high over the last 100 bars.
• Customizable Stop Percentage: Adjust the trailing stop percentage to fit your risk tolerance.
• Easy Visualization: A clear, purple line is plotted to indicate the trailing stop level.
• Includes Auto Markets branding, ensuring professional credibility.
How to Use:
1. Add the script to your chart.
2. Adjust the Trailing Stop Percentage to fit your trading strategy.
3. Use the plotted line as a reference for placing or adjusting stop-loss orders.
About Auto Markets:
Developed by Auto Markets, a trusted name in trading solutions. Visit us at automarkets.co.uk for more innovative tools and resources.
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