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Simple Feature Request – Remove Stop Loss

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mattedmonds

Subscriber, bbp_participant, customer, community, 45 replies.

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3 years ago #268622

I can’t find a way to remove stop loss as an action in Algo Wizard.

I use Stop Loss to define money management when I open a trade, so need to have a Stop Loss initially.

I don’t want to get stopped out when spreads are high, so I have coded that if the spread is less than 1.5 pips and the profit is < my stop loss, exit the trade. This avoids getting randomly stopped out, especially over the weekend.

I just need a way to set that after x bars, remove the stop loss. This will allow me to avoid losing good trades due to high spread.

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tomas262

Administrator, sq-ultimate, 2 replies.

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3 years ago #268682

Hi,

the easy workaround would be to set SL to price = 0…. You can use the function “Set Stop Loss”, choose “Price level” and set to 0

You can then setup a condition to set stop loss back to a previous value

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mattedmonds

Subscriber, bbp_participant, customer, community, 45 replies.

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3 years ago #268683

That’s really helpful thanks Tomas, will do.

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