Stop loss

Viewing 6 posts - 1 through 6 (of 6 total)
  • #252245

    This is probably a simple question regarding my manual trading.

    Can someone tell me if it is possible (once already in a trade) to set a stop so when a candle closed across/above or below a certain level or line level that the trade will be  closed, this is instead of sitting there and waiting for it to visually happen and then have to manually closed the trade.

    I think you can do this automatically if you have a an automatic system running?……………..but can it be done manually once you have placed a trade?

    Many thanks Mike

    #252248

    Try the Associated Trigger which is part of the Alert function … see attached.

    #252253

    Like you see below.

    #252261

    Thanks guys but this does not solve my problem.

    Yes I can set the stops as per your suggestions. I can set an order same size in the opposite direction and that will stop me as well.

    So for arguments sake I am short and price action visits my stop level area and one of the candles wick stops me out and then price action continues in my favour but I am stopped out by a wick and not by a confirmed candle close above that particular level (in this instance). Ideally I do not want volatility to stop me out with price action  crossing briefly but a definate candle close above a particular level.

    mike

    #252263

    If you use the Associated Trigger with an Alert then you can select Current Period + also tick the box ‘Current bar close’ … see attached screenshot.

    Let us know how you get on please?

    #252479

    many thanks GraHal – its what I wanted!

    1 user thanked author for this post.
Viewing 6 posts - 1 through 6 (of 6 total)

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