Simple Feature Request – Remove Stop Loss
2 replies
mattedmonds
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.
tomas262
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
mattedmonds
3 years ago #268683
That’s really helpful thanks Tomas, will do.
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