Need help to code a new stop loss
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Backstory: While making mean reversion its pretty usual to exit when close crosses under/over the mean. Sometimes close crosses over/under and the trade is pretty much perfect, other times price just keeps on running and you miss out on alot of profit.
I would love a kind of trailing stop loss that moves the stop to the price of the Moving average when the crossover happens. As you see in the picture:
1. I enter short trade when price is high, hoping price will revert back to its mean.
2. When in the short trade, and price crosses under the MA, the stop loss will move to that spesific price of the moving average, when that crossover happens. So if the moving average = 12 123, then thats my new stop loss.
My head is buzzing trying to work out if the code is doing what I think it is supposed to! 🙂
More coffee then look at it again, but attached is what I am looking at.
The last orange bar was where it exit the Short trade.
Surely the exit was on the next bar / bar not shown (at the stop level exit) and you can see that the exit price was the same price as MyStop shown on the previous bar?
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6 years, 8 months ago.
Topic Details
| Forum: | ProOrder: Automated Strategies & Backtesting |
| Language: | English |
| Started: | 06/10/2019 |
| Status: | Active |
| Attachments: | 3 files |
