stop loss above entry price?

• 09/11/2016 at 12:27 PM #12940
  Karlsdorf

  Hi,

  it seems to me that a stop loss is always below entry price and therefore the stop loss value has to be positive:

  SET STOP LOSS 10

  sets the stop poss to 10 units below the enty price.

  When the price rises I want to ajust the stop loss above the enty price, and therefore the value becomes negative:

  SET STOP LOSS -10

  But this seems not possible. The stop loss never takes place.

  How do I achive to ajust the stop loss above the enty price?

  Thank you for answers!

  

  Karlsdorf

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  06/02/2019 at 7:39 AM #99802
  Lp Chapy

  Je pense que tu as eu ta réponse ici : https://www.prorealcode.com/topic/stop-loss-au-dessus-du-prix-dentree-break-even/

  Et cela t’aidera aussi : https://www.prorealcode.com/blog/learning/trailing-stop-max-favorable-excursion-mfe/

   

   

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  Nicolas

  

  Lp Chapy

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  06/02/2019 at 9:27 AM #99804
  Vonasi

  Lp Chapy – English only in the English language forums please.

   

  

  Vonasi

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  06/02/2019 at 9:29 AM #99805
  Vonasi

  Karlsdorf – A stop loss can only ever be inferior to price – so at a lower price if long on the market and at a higher price if short. If you make it superior to a market price then it becomes a take profit and the trade would be instantly closed. You cannot use negative values with SET STOP LOSS instructions.

  

  Vonasi

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