How to keep a constant value for a SL calculated at TRADEINEX?

• 04/22/2021 at 9:20 PM #167825
  Khaled

  Hi everyone,

  I’d like to keep my SL constant equal to (for Long)

  SL=TRADEPRICE-Low[1]

  1	SL=TRADEPRICE-Low[1]

  The problem in writing TRADEPRICE-Low[1] is that Low[1] keeps changing at each bar.

  Once executing a trade, how can I keep this value constant until exiting the trade?

  Thanks

  

  Khaled

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  04/22/2021 at 9:32 PM #167826
  robertogozzi

  First set SL to ZERO when Not OnMarket, then use your expression only when SL=0. So it will not change next bar:

  If Not OnMarket then SL = 0 Endif . . If OnMarket and SL = 0 then SL=TRADEPRICE-Low[1] Endif

  1 2 3 4 5 6 7 8

  If Not OnMarket then   SL = 0 Endif . . If OnMarket and SL = 0 then    SL=TRADEPRICE-Low[1] Endif

   

  3 users thanked author for this post.

  Midlanddave, Khaled

  

  robertogozzi

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