placing stop loss

• 09/02/2019 at 9:41 AM #106196
  Bob Harris

  Hi,

   

  I’m sure this is a simple question but I’m struggling to make it work. I’m trying to place a stop loss on the exponential moving average 20, either above the price if going short or below the price if going long. anyone able to point me in the right direction?

  Many thanks

  

  Bob Harris

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  09/02/2019 at 10:02 AM #106198
  Vonasi

  Either calculate the difference between close and the average and use SET STOP pLOSS or send a pending order at every bar to sell at the average price.

  if longonmarket then sl = close - average[20] set stop ploss sl if shortonmarket then sl = average[20] - close set stop ploss sl

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  if longonmarket then sl = close - average[20] set stop ploss sl   if shortonmarket then sl = average[20] - close set stop ploss sl

  or

  if (your long conditions) then buy 1 contract at market sell at average[20] stop endif if longonmarket then sell at average[20] stop endif if (your short conditions) then sellshort 1 contract at market exitshort at average[20] stop endif if shortonmarket then exitshort at average[20] stop endif

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  if (your long conditions) then buy 1 contract at market sell at average[20] stop endif   if longonmarket then sell at average[20] stop endif   if (your short conditions) then sellshort 1 contract at market exitshort at average[20] stop endif   if shortonmarket then exitshort at average[20] stop endif

   

  

  Vonasi

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  09/02/2019 at 11:07 AM #106218
  Bob Harris

  Hi

  Thank you so much for your help, it is much appreciated

  Thanks

  

  Bob Harris

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