Set Stop Loss Donchian Channel

• 03/12/2018 at 8:37 PM #65133
  Fabian

  Hello,

  i want to set a Stop Loss on a Donchian Channel value, but it dont works.

  I try:

  SET STOP LOSS LOWEST[20](Low)

  1	SET STOP LOSS LOWEST[20](Low)

  And:

  SET STOP PLOSS OPEN - LOWEST[20](Low)

  1	SET STOP PLOSS OPEN - LOWEST[20](Low)

  But the StopLoss will never triggered 🙁 Any Idea?

  EDIT:

  Whole code:

  IF not longonmarket AND HOUR = 21 THEN BUY 1 CONTRACTS AT MARKET SET STOP LOSS LOWEST[20](Low) ENDIF

  1 2 3 4

  IF not longonmarket AND HOUR = 21 THEN BUY 1 CONTRACTS AT MARKET SET STOP LOSS LOWEST[20](Low) ENDIF

   

  

  Fabian

  Participant

  Topics: 3

  Replies: 4

  Been thanked: 0 times
  03/12/2018 at 10:38 PM #65147
  Vonasi

  Try:

  IF not longonmarket AND HOUR = 21 THEN BUY 1 CONTRACTS AT MARKET SET STOP pLOSS (close - LOWEST[20](Low)) ENDIF

  1 2 3 4

  IF not longonmarket AND HOUR = 21 THEN BUY 1 CONTRACTS AT MARKET SET STOP pLOSS (close -  LOWEST[20](Low)) ENDIF

   

  1 user thanked author for this post.

  Nicolas

  

  Vonasi

  Moderator

  Topics: 192

  Replies: 5088

  Been thanked: 1812 times
  03/13/2018 at 10:35 AM #65176
  Nicolas

  To avoid points conversion problem, you should use SET STOP LOSS and not PLOSS. If the pointsize is not equal to 1, and since the stoploss calculation is made with price (close and lowest low), the stop loss value would never be set at the good level.

  IF not longonmarket AND HOUR = 21 THEN BUY 1 CONTRACTS AT MARKET SET STOP LOSS (close - LOWEST[20](Low)) ENDIF

  1 2 3 4

  IF not longonmarket AND HOUR = 21 THEN BUY 1 CONTRACTS AT MARKET SET STOP LOSS (close -  LOWEST[20](Low)) ENDIF

   

  

  Nicolas

  Keymaster

  Topics: 81

  Replies: 20872

  Been thanked: 4799 times
• Author
  Posts