This ProBuilder code snippet demonstrates how to set and adjust a stop loss based on the high of the current candle when executing a short trade. The stop loss is initially set at the high of a doji candle and then adjusted based on the actual opening price of the trade in the next candle.

if doji then
    sellshort at market
    set stop loss (high-max(open,close)) //stoploss sur le haut du doji
    niveau = high //niveau de prix du doji que l'on conserve en mémoire
endif
if shortonmarket then
    set stop loss (high-tradeprice) //stoploss sur le haut du doji en considérant le vrai prix d'ouverture de l'ordre
endif

The code operates in two main parts:

• Setting the initial stop loss: When a doji candle is identified (a candle where the open and close prices are very close, indicating indecision in the market), a short trade is initiated. The stop loss is set at the higher value between the candle’s open and close, subtracted from the high of the candle. This is intended to protect the trade from adverse movements up to the highest price point of the doji candle.
• Adjusting the stop loss: If the market position is short (i.e., a short trade has been opened), the stop loss is then adjusted to the difference between the high of the current candle and the trade’s opening price. This adjustment is crucial as it accounts for the actual entry price of the trade, providing a more accurate and potentially safer stop loss level.

This approach ensures that the stop loss is dynamically adjusted to reflect the most recent market conditions and the actual entry point of the trade, enhancing the trade’s risk management strategy.