stop loss linked to a moving average

• 08/03/2020 at 9:58 PM #140796
  George65

  Hi,

   

  Can someone help me please how I can give a stop loss order with the SMA?

  I’ve tried it two different ways, none of them are executed.

  1. IF not longonmarket and c1 and c2 and c3 and c9 THEN
     BUY 1 CONTRACT AT MARKET
     set stop loss Average[20](close)
  2. IF not longonmarket and c1 and c2 and c3 and c9 THEN
     BUY 1 CONTRACT AT MARKET
     sell at Average[20](close) stop

  thanks

  George

   

  

  George65

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  08/03/2020 at 11:06 PM #140803
  robertogozzi

  The correct form is:

  1. stop loss abs(close – Average[20](close))      because SET STOP LOSS requires a difference in price, not a price
  2. correct, provided the current price (CLOSE) il higher than Average[20]

  

  robertogozzi

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  08/04/2020 at 6:34 AM #140808
  George65

  Thanks Roberto for your support!

  Though you write version 2 is correct, it is not executed.

  I’ll try version 1

  Thanks again!

  

  George65

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