: Forum STOP LOSS UNDER THE LOW

02/26/2018 at 9:56 PM #64026

robertogozzi

This is your modified code, it should do:

// Parameters Definition
DEFPARAM CumulateOrders = False // Posizioni cumulate disattivate
 
// Long Condition
C1 = Low[2] > Low[1]
C2 = Low[1] > Low
C3 = Open[2] > Close[2]
C4 = Open[1] > Close[1]
C5 = Open > Close
C6 = Low[1] > Close
 
IF C1 AND C2 AND C3 AND C4 AND C5 AND C6 AND Not OnMarket THEN
   BUY 1 CONTRACT AT High STOP
   //Exit Profit Condition
   c8 = AverageTrueRange[5](close)
   SET TARGET PROFIT c8
   //Stop Loss Condition
   C7 = Low - 0.1*c8
ENDIF

if longonmarket then
   sell 1 CONTRACT at c7 stop
endif

// Parameters Definition

DEFPARAM CumulateOrders = False // Posizioni cumulate disattivate

// Long Condition

C1 = Low[2] > Low[1]

C2 = Low[1] > Low

C3 = Open[2] > Close[2]

C4 = Open[1] > Close[1]

C5 = Open > Close

C6 = Low[1] > Close

IF C1 AND C2 AND C3 AND C4 AND C5 AND C6 AND Not OnMarket THEN

BUY 1 CONTRACT AT High STOP

//Exit Profit Condition

c8 = AverageTrueRange[5](close)

SET TARGET PROFIT c8

//Stop Loss Condition

C7 = Low - 0.1*c8

ENDIF

if longonmarket then

sell 1 CONTRACT at c7 stop

endif

robertogozzi

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