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Hi There,
I'm pretty new to the trading scene, I have been doing some research into a trading tool/technique I have been trying to use.
I have been told that what I am trying to achieve is called a curl stop? and can be achieved on MT4/5 by using a flag?
basically I was looking for a way to automatically create an order for once a certain priced has been reached.
For example;
If AUDUSD was trading at 0.7218.
And I wanted to create a sell limit at 0.7230.
but I didn't want the trade at 0.7230 to become active until the price went past 0.7230 therefore catching it on the way back.
How would I do this? on MT4 or 5?