placing stop loss

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09/02/2019 at 9:41 AM #106196 quote

Bob Harris
Participant

Average

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

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

Master
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
```
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
```
09/02/2019 at 11:07 AM #106218 quote

Bob Harris
Participant

Average

Hi

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

Thanks
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placing stop loss

ProOrder: Automated Strategies & Backtesting

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Author

Bob Harris @bob_harris Participant

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This topic contains 2 replies,
has 2 voices, and was last updated by Bob Harris
6 years, 6 months ago.

Topic Details

Forum:	ProOrder: Automated Strategies & Backtesting
Language:	English
Started:	09/02/2019
Status:	Active
Attachments:	No files

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