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SL on last candle

umebon · 2020-11-14T09:50:05+00:00

Hi I have read and tried too figure this out but I can’t get it too work. I would like too have a SL that moves with previous candle. If price moves up i want SL too move to be set too last candles low. I’m working long only..

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ProBuilder: Indicators & Custom Tools
SL on last candle

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11/14/2020 at 10:50 AM #150463 quote

umebon
Participant

Average

Hi

I have read and tried too figure this out but I can’t get it too work. I would like too have a SL that moves with previous candle. If price moves up i want SL too move to be set too last candles low. I’m working long only..

11/14/2020 at 11:17 AM #150465 quote
robertogozzi
Moderator

Legend
There you go:
```
IF Not OnMarket THEN
   NewSL = 0                     //clear NewSL when not OnMarket
ELSE
   IF close > close[1] THEN      //update stop loss when price is rising
      NewSL = max(NewSL,low[1])  //to previous candle's low, if higher than before
   ENDIF
   IF NewSL > 0 THEN
      SELL AT NewSL STOP         //exit at calculated stop, if any
   ENDIF
ENDIF
```
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SL on last candle

ProBuilder: Indicators & Custom Tools

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umebon @umebon Participant

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This topic contains 1 reply,
has 2 voices, and was last updated by robertogozzi
5 years, 10 months ago.

Topic Details

Forum:	ProBuilder: Indicators & Custom Tools
Language:	English
Started:	11/14/2020
Status:	Active
Attachments:	No files

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SL on last candle

Stuck on this ProBuilder code?

SL on last candle ProBuilder: Indicators & Custom Tools

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SL on last candle

ProBuilder: Indicators & Custom Tools