Q. How can I build a (long) trailing stop that activates after 20 points have been gained, but then sells after a subsequent drop of 6 points?
A. Use the following as a trailing stop price:
Add2(EntryPricePnts(TradingStrategy,20),14)
The trailing stop only activates after 20 points have been gained, and the trailing stop is placed at 14 points above the entry price (i.e. 6 points below the 20 point gain). You’ll find this indicator in the category “Trading Strategy: Protective Stops”.