Possible to attach a stop loss to a moving average ?

Forums ProRealTime English forum ProOrder support Possible to attach a stop loss to a moving average ?

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  • #250339

    Is it possible to attach a stop loss to a moving average ?

    #250348

    Mmmm maybe you need to define more what is in your mind?

    A Stop Loss is attached an Open Trade and therefore attached to Price of that Open Trade, which – by chance – could be the same as the value of a Moving Average … if your entry was, for example …

    If Close = Average[20](Close) Then
    Buy at Market
    Endif

    But to achieve an entry exact same as the value of MA[20]  would be unusual / luck. Chances would be best if running on a 1 second (or less) Chart Timeframe.

     

    #250386

    You can use the SET STOP PRICE instruction which put the stoploss order on a price value.

    At order ignition:

    during the lifetime of the order: (stoploss will follow strictly the MA value)

    3 users thanked author for this post.
Viewing 3 posts - 1 through 3 (of 3 total)

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