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Absolute Stop Loss

mikenew · 2017-08-17T00:42:16+00:00

It looks to me like all the stop loss functions are relative to TradePrice. Is there a way or a code pattern that I can set an absolute stop loss? Ideally something like SET STOP LOSS sma(35) or SET STOP LOSS 18364.4 I’ve tried SET STOP LOSS ( TradePrice – sma(35) ) but doesn’t work when the stop level is in profit.

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ProOrder: Automated Strategies & Backtesting
Absolute Stop Loss

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08/17/2017 at 1:42 AM #43302 quote

mikenew
Participant

Junior

It looks to me like all the stop loss functions are relative to TradePrice.

Is there a way or a code pattern that I can set an absolute stop loss?

Ideally something like

SET STOP LOSS sma(35)

or

SET STOP LOSS 18364.4

I’ve tried SET STOP LOSS ( TradePrice – sma(35) )

but doesn’t work when the stop level is in profit.

08/17/2017 at 9:27 AM #43325 quote
Despair
Blocked

Master
```
sl=sma(35)
if longonmarket then
  sell at sl stop
elsif shortonmarket then
  exitshort at sl stop
endif
```
Here you go.
08/17/2017 at 10:09 AM #43329 quote

Nicolas
Keymaster

Legend

A complete tutorial to create a stoploss with indicators
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Absolute Stop Loss

ProOrder: Automated Strategies & Backtesting

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mikenew @mikenew Participant

Summary

This topic contains 2 replies,
has 3 voices, and was last updated by Nicolas
9 years, 1 month ago.

Topic Details

Forum:	ProOrder: Automated Strategies & Backtesting
Language:	English
Started:	08/17/2017
Status:	Active
Attachments:	No files

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Absolute Stop Loss

Stuck on this ProBuilder code?

Absolute Stop Loss ProOrder: Automated Strategies & Backtesting

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Absolute Stop Loss

ProOrder: Automated Strategies & Backtesting