Adding Tick-by-Tick Trailing Stops to Rule-Based Entries

Summary

This brief describes a MetaTrader-style trading template that adds a trailing stop to rule-based long and short entries. The trader supplies entry conditions through separate long and short rules and sets the stop distance in pips as an external input. The stop is adjusted on each price tick, so it follows favorable price movement according to the configured distance.

The document offers no performance evidence or detailed entry or exit methodology. It says the template supports four- and five-digit brokers and cautions users to try it on a demo account first. Since the trailing stop is the only exit mechanism described, a strategy needs additional rules or safeguards if it requires other ways to close positions.

Key ideas

• Entry signals are provided through separate rules for long and short trades.
• The trader sets the trailing stop distance in pips as an external input.
• The stop adjusts on each tick.
• The template describes no exit logic beyond the trailing stop.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.