MA stop loss

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02/24/2020 at 11:47 AM #120288 quote

JackD
Participant

Junior

Hi,

I have been looking but I can find a trailing stop loss that follows a chosen moving average. Is there such a thing?

thanks in advance

Jack

02/24/2020 at 12:53 PM #120300 quote
robertogozzi
Moderator

Master
I don’t know, but this is an example to exit a LONG trade based on a MA:
```
IF LongOnMarket THEN
   SELL AT average[20](close) STOP
ENDIF
```
If you are LONG you can assume your price is ABOVE that average, so when it’s touched on a retracement or inversion, your trade will be exited.
02/24/2020 at 4:40 PM #120324 quote
Vonasi
Moderator

Master
Roberto – your code needs to also have the sell stop order at the time of entry otherwise the order has to wait one candle before it is placed and your stop loss is not in place for one whole candle.
```
if (your conditions) then 
buy 1 contract at market
SELL AT average[20](close) STOP
endif

IF LongOnMarket THEN
   SELL AT average[20](close) STOP
ENDIF
```
robertogozzi thanked this post
02/25/2020 at 1:09 PM #120430 quote

JackD
Participant

Junior

Thank you so much! Both of you, I really appreciate it.
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MA stop loss

ProOrder: Automated Strategies & Backtesting

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JackD @jackd Participant

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This topic contains 3 replies,
has 3 voices, and was last updated by JackD
6 years ago.

Topic Details

Forum:	ProOrder: Automated Strategies & Backtesting
Language:	English
Started:	02/24/2020
Status:	Active
Attachments:	No files

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