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I am looking for a plug in that provides the use of a trailing stop
based upon the profits acheived in a position already taken. If I bought an option at $10, and it reaches my "live" predetermined high point of $15, I want to keep at least 80% of the profit. This would make $14 the stop. As the option price continued to rise above $15 to $16 etc, the automatic trailing stop would keep moving up until the price fell 20% off the highest PROFIT level.
ie $16= $6 profit so $6 x 80%=4.8= 14.8 stop.
based upon the profits acheived in a position already taken. If I bought an option at $10, and it reaches my "live" predetermined high point of $15, I want to keep at least 80% of the profit. This would make $14 the stop. As the option price continued to rise above $15 to $16 etc, the automatic trailing stop would keep moving up until the price fell 20% off the highest PROFIT level.
ie $16= $6 profit so $6 x 80%=4.8= 14.8 stop.
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