Set TSL to specific value

Strategy
#1

I wish to specify that whenever profit reaches 1000, the TSL should start as follows

  1. Profit = 1000 - This is available under Trailing Stop Loss.
  2. TSL - Set it to 250 - This is NOT available under Trailing Stop Loss. But I wish to have it so that the cost (brokerage, taxes etc.) gets covered even if the trade goes in other direction.
  3. With every Rs.100/- increase increase the stop loss by 100/- - This is available under Trailing Stop Loss.
    so the contention right now is how to do #2 mentioned above. Please guide.
#2

Hi,

I’m want to implement a Take Profit system with the same logic that you have defined above.

I can see its been a while since you posted your query, Have you been able to find a way to implement this with Tradetron?

#3

Hi @Nelson - can you please advise a way out on above query? It’s very useful to “lock minimum profit” instead of moving SL to 0 which is currently available in Advanced Settings.

#4

So there is this video which explains how to use max profit and loss…which also includes traililng stoploss…