I have some interest is placing an order ahead of time with a stop loss adjustment based on price movement after in a position.
For example. EurUsd pair:
current price is 1.3000
Want to enter long at 1.3100
With the long order, initial stop loss is to be 1.2900.
Target profit is 1.3300
Once order is executed and in the position, I would like the order to automatically adjust the stop loss to break even (1.3100) when price/position moves positive to 1.3200.
Is it possible to submit all this in an order with Oanda? Then just let a tade workout itself as prices moves instead of having to monitor it every few hours.
Your advice, help, suggestions, etc would be helpful.
Regards,
T4L
For example. EurUsd pair:
current price is 1.3000
Want to enter long at 1.3100
With the long order, initial stop loss is to be 1.2900.
Target profit is 1.3300
Once order is executed and in the position, I would like the order to automatically adjust the stop loss to break even (1.3100) when price/position moves positive to 1.3200.
Is it possible to submit all this in an order with Oanda? Then just let a tade workout itself as prices moves instead of having to monitor it every few hours.
Your advice, help, suggestions, etc would be helpful.
Regards,
T4L