MA stop loss

• 02/24/2020 at 11:47 AM #120288
  JackD

  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

  

  JackD

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

  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

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  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.

  

  robertogozzi

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  02/24/2020 at 4:40 PM #120324
  Vonasi

  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

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  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

   

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  robertogozzi

  

  Vonasi

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  02/25/2020 at 1:09 PM #120430
  JackD

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

  

  JackD

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