how to set stop loss to highest high of previous 5 bars when selling at market price
9 replies
Brett Schneideman
8 years ago #114593
Hello,
I would be most grateful if someone would explain to me the way to set stoploss at highest high of previous 5 bars when selling at market ( or lowest low of previous 5 bars when buying). I suspect this may be very simple but currently beyond me.
Thanks in advance
Brett
Brett Schneideman
8 years ago #134671
ok, As often happens, I think I figured out how to do this using the custom indicator “Highest, Lowest”. But is it possible to set the stop loss to Highest (5) plus say 2 pips. How?
Cheers
Brett
antonioCB
8 years ago #134680
Salve
E’ possibile Creare un EA con Stop Loss (buy e sell) che si apre alle ore 21,45 e che si chiude il giorno dopo alle 08.05. Lo stop loss deve aggiornarsi in automatico, senza uscire dal trade. Il broker chiude alle ore 22.00 e riapre alle ore 8.00 del giorno dopo. Ho provato con EA Wizard ma non ancora riesco ad ottenere ciò. Inoltre potete segnalarmi un utente italiano che usa Ea Wizard. Grazie.
P.s. Traduco con google Traslator ( perdonate ma non parlo Inglese)
tomas262
8 years ago #134681
You need to use ‘custom price level’ for SL and Addition function. See screenshot
antonioCB
8 years ago #134683
Grazie mille
E’ molto professionale.
Scusa ma non potresti spedirmi la strategia così capisco meglio …Ti chiede gentilmente se puoi mandarmi anche altre esempi. :huh:
Ripeto la necessità se ci sono utenti italiani con cui comunicare. Grazie
Brett Schneideman
8 years ago #134688
Thank you, Tomas… explains it perfectly. What a good resource EA Wizard is, best trading aid I ever puchased.
Brett
TJJ
2 years ago #273953
Hi sorry to pull out this thread again.
What if I wanted to have a stoploss at highest high of previous 5 candles + 3 pips?How can i set that as a stoploss?thanks!
hankeys
2 years ago #273967
maybe you can make your own template or edit your strategy…
you set stoploss to price level and set the formula like this
Highest(high)(5) with shift 1 + FixedPips(3)
You want to be a profitable algotrader? We started using StrateQuant software in early 2014. For now we have a very big knowhow for building EAs for every possible types of markets. We share this knowhow, apps, tools and also all final strategies with real traders. If you want to join us, fill in the FORM.
TJJ
2 years ago #273998
That helps alot!Thanks!
ggiang
2 years ago #275072
Wow, I cannot believe I only just discovered how to do this. What a great piece of software!
Viewing 9 replies - 1 through 9 (of 9 total)