Trailing Take Profit

What I'd really like to see in SQX is a trailing take profit. Many of the new generation of night scalpers use it. What it basically does is to update/trail the existing initial take profit every bar instead just once when the trade is opened. E.g.: if a trade goes against you and then comes back a little (but not into profit, just less intratrade drawdown), it puts the take profit at the last high/low of the last X bars, or at a MA or whatever else indicator returns a price value or ATR multiple etc. I didn't believe what a difference this can make, but it prevents a lot of full stop losses with that method. Example: say a trade goes -30 pips into drawdown, then comes back to -10 pips and then goes to your stop loss at -50 pips, you have lost 50 pips. With the trailing take profit, while the trade is at -30 pips, it would put the take profit at -10 pips, so once the trade comes back to this little recovery in the drawdown, "profit" is taken at -10 pips, without the trade going to a full stop loss like in the first example. Basically it trails the take profit each bar, this also helps if your initial take profit is not hit because price doesn't move as far , so it would decrease the take profit every bar if trailed via a MA or ATR multiple for example. A trailing stop can't do that like this and a lot of night scalpers use this method (Reaper, Euronis). You can download Reaper as a demo (it costs nothing if you just run backtests) from the MQL5 market and run a visual tick data backtest in Metatrader 5 to better understand how this works, but it's a really extremely profit increasing feature, not just for night scalping as I've noticed when manually adding it to my existing strategies. Hope to see this in SQX soon, this can really be a game changer once you've tried it.


P.S.: I think an implentation should be rather easy, the only difference really is that the take profit would be updated every bar with the same method it was calculated once the trade was opened instead just on trade open. The calculation methods can be kept as they are now and maybe just a little checkbox in the take profit section that says "update take profit every bar" is enough.