Move SL depending on time – after SL is moved to breakeven.

• 08/29/2021 at 5:56 PM #176441
  seatrout

  Hi!

  I´m trying to find a way to move SL, not depending on price but depending on time.

  I have a scalping algo working on 10sec chart and when taking a trade I have a preset SL.
  After that, If the price moves in the right direction, my break even code move the SL to lets say small profit of 1point.
  Often the price movement stalls after that move and also quite often price goes back and hit the breakeven level.
  So my idea is to move SL quite rapidly towards the price after breakeven code have done it´s work so at least a few more points are gained.
  For example every minut (6bars at 10sec chart) the SL will be moved 1point against the price.

  Any ideas how to do it?

  

  seatrout

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  08/29/2021 at 6:31 PM #176446
  XORANDNOT

  Like this ? Not tested.

  If not onmarket then stopset = 0 endif breakeven = positionprice If longonmarket and highwashighenough and stopset = 0 then sell at breakeven stop nextstop = breakeven stopset = 1 stopindex = barindex endif If stopset = 1 and barindex = stopindex + 6 then nextstop = nextstop + 1 sell at nextstop stop stopindex = barindex endif

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  If not onmarket then stopset = 0 endif   breakeven = positionprice   If longonmarket and highwashighenough and stopset = 0 then sell at breakeven stop nextstop = breakeven stopset = 1 stopindex = barindex endif   If stopset = 1 and barindex = stopindex + 6 then nextstop = nextstop + 1 sell at nextstop stop stopindex = barindex endif

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  seatrout

  

  XORANDNOT

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  08/29/2021 at 7:37 PM #176447
  seatrout

  Thanks alot!

  Took a while to get my head around it… I`m not a coder 😉

  Row 7: “and highwashighenough” shouldn´t be there – right?

  Row: 14-18 makes the loop?

  Row 5: ok to change to  “positionprice+1” ?

  

  seatrout

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  08/29/2021 at 7:53 PM #176448
  XORANDNOT

  Of course row 7 should be there. It means that your special condition for setting  the stop  to break-even has been met.

  Row 14-18 pull the stop 1 point higher every 60 seconds. And yes, setting the initial break even to any desired value in row 5 is ok.

   

  

  XORANDNOT

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