set a stop so when a candle closed across/above or below a certain level

bearbull · 2025-10-07T11:11:58+00:00

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

Viewing 6 posts - 1 through 6 (of 6 total)

Author

Posts
10/07/2025 at 12:11 PM #252245 quote

bearbull
Participant

Average

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

10/07/2025 at 12:19 PM #252248 quote

GraHal
Participant

Master

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

hyXnayB4FE.png

10/07/2025 at 12:55 PM #252253 quote

PeterSt
Participant

Master

Like you see below.

image_2025-10-07_135352200.png image_2025-10-07_135522374.png

10/07/2025 at 2:47 PM #252261 quote

bearbull
Participant

Average

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

10/07/2025 at 2:56 PM #252263 quote

GraHal
Participant

Master

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?

uiCxzoZ23Y.png

10/11/2025 at 12:07 PM #252479 quote

bearbull
Participant

Average

many thanks GraHal – its what I wanted!

GraHal thanked this post
Author

Posts