Set StopLoss to Indicator value at Entry

Forums ProRealTime English forum ProOrder support Set StopLoss to Indicator value at Entry

  • This topic has 6 replies, 2 voices, and was last updated 1 year ago by avatardebux.
Viewing 7 posts - 1 through 7 (of 7 total)
  • #204837

    Hi there! Perhaps someone can help me.

    I try to set a StopLoss when price break the SAR Indicator (with the value of one bar after entering the trade).

    I know I can define the number of bars to look back, but how can I set it to the value from entering the trade?

    I hope it is clear what I mean.

    #204867
    JS

    Hi @debux

    If I understand correctly, you want to place the “StopLoss” after entering a position…

    For example, you can use:

    If OnMarket and NOT OnMarket[1] then
    Set Stop Loss …
    EndIf

    #204868

    Thank You! I will try it…

    #204873

    Hi @JS

    unfortunatly it doesn‘t work. I will try to explain the problem in more detail:

    Lets say I enter a long position when overcrossing the parabolic SAR indicator.

    At this moment, the value of the Indicator switches the sides, now the value of the Indicator is lower.

    I would like to set the StopLoss to this new value.

    If i just say, set StopLoss when undercrossing SAR it is not correct,  because the SAR is changing its value after each candle and is moving closer to the price of the underlying.

    Regards, debux

    #204874
    JS

    Hi @debux

    You can try this…

     

     

    #204875
    JS

    Sorry, “Stop Loss” must be of course “Stop Price” …

     

    2 users thanked author for this post.
    #205019

    Hi @JS

    Thank you very much for your help. It works now…

    Cheers, debux

    1 user thanked author for this post.
    avatar JS
Viewing 7 posts - 1 through 7 (of 7 total)

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