Ichimoku using Tenkansen as stop

Dymjohn · 2016-08-16T15:07:38+00:00

Hi Seem to be unable to fathom this one out can anyone help? The following is stopping me out on the same candle as entry I’m sure its something simple and the code could be simplified:- // first stops if longonmarket THEN DIFF = (close-Tenkansen)*pointsize sl = (close-Tenkansen)*pointsize set stop ploss sl endif if shortonmarket THEN DIFF = (tenkansen-close)*pointsize sl = (tenkansen-close)*pointsize set stop ploss sl endif // dynamic change of stops if longonmarket then dynamicsl = sl if (DIFF > dynamicsl) then dynamicsl = DIFF endif endif if shortonmarket then dynamicsl = sl if (DIFF > dynamicsl) then dynamicsl = DIFF endif endif

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08/16/2016 at 4:07 PM #11765 quote
Dymjohn
Participant

Senior
Hi

Seem to be unable to fathom this one out can anyone help? The following is stopping me out on the same candle as entry I’m sure its something simple and the code could be simplified:-
```
// first stops
if longonmarket THEN
DIFF = (close-Tenkansen)*pointsize
sl = (close-Tenkansen)*pointsize
set stop ploss sl
endif
if shortonmarket THEN
DIFF = (tenkansen-close)*pointsize
sl = (tenkansen-close)*pointsize
set stop ploss sl
endif
// dynamic change of stops
if longonmarket then
dynamicsl = sl
if (DIFF > dynamicsl) then
dynamicsl = DIFF
endif
endif
if shortonmarket then
dynamicsl = sl
if (DIFF > dynamicsl) then
dynamicsl = DIFF
endif
endif
```
08/18/2016 at 8:35 AM #11809 quote

Nicolas
Keymaster

Legend

I wrote a blog post about how to use an indicator value for an order stoploss. I think this is what you need for your project :

http://www.prorealcode.com/blog/learning/moving-stoploss-dynamic-informations-proorder/
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