hi guys!

i read in some articles that an stoploss has an duration of 1 candle.

so if i have the following code for automatic trading – the stoploss is only for 1 minute, 10 minutes, (depends on the timeframe)?

//trailing stop function
trailingstart = 20 //trailing will start @trailinstart points profit
trailingstep = 5 //trailing step to move the "stoploss"
//reset the stoploss value
if not onmarket then
newSL=0
endif
//manage long positions
if longonmarket then
//first move (breakeven)
if newSL=0 and close-tradeprice(1)>=trailingstart*pipsize then
newSL = tradeprice(1)+trailingstep*pipsize
endif
//next moves
if newSL>0 and close-newSL>=trailingstep*pipsize then
newSL = newSL+trailingstep*pipsize
endif
endif
//manage short positions
if shortonmarket then
//first move (breakeven)
if newSL=0 and tradeprice(1)-close>=trailingstart*pipsize then
newSL = tradeprice(1)-trailingstep*pipsize
endif
//next moves
if newSL>0 and newSL-close>=trailingstep*pipsize then
newSL = newSL-trailingstep*pipsize
endif
endif
//stop order to exit the positions
if newSL>0 then
sell at newSL stop
exitshort at newSL stop
endif

@ this point: thx to nicolas for this system