To move the stop loss to each achieved target in trading (especially in scalping or short-term trading), you need to follow the "Move Stop Loss" strategy or what is known as Trailing Stop either manually or automatically. Here are the steps simplified:
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The manual method to move the stop loss to each achieved target:
Assume you have a plan with three targets:
Target 1 = 1%
Target 2 = 2%
Target 3 = 3%
And the initial stop loss was at -1%.
Steps:
1. When Target 1 is achieved:
Move the stop loss to the entry point (Breakeven).
This protects you from loss if the price retraces.
2. When Target 2 is achieved:
Raise the stop loss close to Target 1 (e.g., +0.8%) to lock in partial profit.
3. When Target 3 is achieved:
Close the trade completely or move the stop loss to Target 2 (e.g., +1.8%).
The automatic method (Trailing Stop):
If you are using a platform like MetaTrader, Binance, or TradingView with a bot:
You can set a Trailing Stop to automatically move the stop loss behind the price by a specified distance (e.g., 0.5% or 1%).
Some bots (like 3Commas or Cornix) allow you to set:
"When the price reaches Target 1, move SL to the entry point," and so on.
Important tips:
Do not move the stop loss too quickly to avoid being hit due to small fluctuations.
Use technical tools to identify support/resistance areas to set a smart SL.
Try this first on a demo account to ensure timing and method.
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