Hide the StopLoss

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09/08/2022 at 12:00 PM #200362 quote
SnorreDK
Participant

Junior
Is there a way to hide your stop loss. It feels like IG/brokers are fishing for our stoplosses.
How often has the market turned right after the stoploss has been hit?

I don’t want to use the command:
```
SET STOP %LOSS sl
```
Can you write by code
```
if XXX then
sell at market
endif

if YYY then
exitshort at market
endif
```
What do I replace XXX and YYY with to get the same value as
```
SET STOP %LOSS sl
```
09/08/2022 at 1:32 PM #200367 quote

snucke
Participant

Veteran

if you are not swinging a real big d**k i would not worry about the broker is stop hunting you xD

take a second and think about how many orders there are out there, if you could see them as lines on the chart, i promise you you could not see one single candle

09/08/2022 at 1:54 PM #200368 quote

JS
Participant

Master

Hi @SnorreDK
I agree with Snucke but if you still want to hide the stoploss, you can possibly use (pending) STOP orders:

If LongOnMarket and Close > longexit then

Sell at longexit STOP

EndIf

if ShortOnMarket and Close < shortexit then

ExitShort at shortexit STOP

EndIf

09/08/2022 at 2:46 PM #200369 quote

robertogozzi
Moderator

Legend

Even your pending orders are kown by the broker, so a better solution would be to exit at market whenever you exit price is hit, be it either a TP or a SL.

09/08/2022 at 3:35 PM #200372 quote

JS
Participant

Master

Roberto is of course right about the market orders…

(Pending Stop orders are as visible as Stop Loss orders)

Nicolas thanked this post

09/10/2022 at 5:16 PM #200495 quote

PeterSt
Participant

Master

Here’s the most perfect timing (not) – from yesterday. -Conspiracy me
image_2022-09-10_181624254.png
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