stop loss above entry price?

Karlsdorf · 2016-09-11T11:27:31+00:00

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!

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09/11/2016 at 12:27 PM #12940 quote

Karlsdorf
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New

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!

06/02/2019 at 7:39 AM #99802 quote

Lp Chapy
Participant

Junior

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/

Nicolas thanked this post

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

Vonasi
Moderator

Master

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

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

Vonasi
Moderator

Master

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.
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