For some reason I just can't figure out how to code this. I know you can easily have a Breakeven Stop or Trailing Stop with a profit floor, but how can I code a strategy that sets a stop loss a certain fixed amount *above* the entry price once a profit floor is reached? For example, let's say the floor amount is $0.20 and the stop is $0.10 above entry, it goes long at $2.00, once the price reaches $2.20, a stop is automatically placed at $2.10.

Any help is appreciated. Thanks!

meeerkat,

the best way to accomplish this might be to use a regular stop order at a specific price that you only issue within your code and not rely on any of the built-in exits for that. When the profit of your position reaches a specific price/value from the entry, you would issue the stop order.

Regards,

ABCTG