How can I raise the Stop Loss over the TRADEPRICE?

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05/21/2019 at 1:02 PM #99008 quote

Guillermo
Participant

New

Could someone tell me how the Stop Loss can be raised over the TRADEPRICE?
Let’s imagine initially that we are in a bull market, we have bought some shares and that we have placed a Stop Loss with the order:
SET STOP LOSS D1
being D1 the distance from the TRADEPRICE to where you want to place the Stop Loss level. Obviously, this Stop Loss now is below the TRADEPRICE.
Let´s suppose now an ideal situation in which the price moves up and moves up and moves up, … and we want to raise the Stop Loss OVER THE TRADEPRICE, with some kind of condition.
How can I do it? I am not able to work properly with negative numbers in the variable D1
Thanks in advance

05/21/2019 at 1:09 PM #99009 quote

GraHal
Participant

Master

Guillermo wrote:

we want to raise the Stop Loss OVER THE TRADEPRICE, with some kind of condition.

Wouldn’t this then become a Take Profit and so a Limit Order??

Just for clarification …. we are talking Manual Trading here aren’t we?

Even if not then above still applies.

You could try a Trailing Stop, but even this will never end up above the Trade Price.

EDIT /PS

If Auto Trading then you could try Vonasi code at Row 138 here

Snippet Link Library

05/21/2019 at 3:32 PM #99031 quote

Nicolas
Keymaster

Master

You are talking about a trailing stop function, there are many around the website and in the link that GraHal has shared.
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How can I raise the Stop Loss over the TRADEPRICE?

ProOrder: Automated Strategies & Backtesting

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Guillermo @guillermo Participant

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

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Forum:	ProOrder: Automated Strategies & Backtesting
Language:	English
Started:	05/21/2019
Status:	Active
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