STOP LOSS UNDER THE LOW

• 02/24/2018 at 5:09 PM #63819
  Ivan Donatiello

  In a system of this type:

  C1 = LOW[2] > LOW[1] C2 = LOW[1] > LOW IF C1 AND C2 THEN if not longonmarket AND C1 AND C2 then buy 5 contract at High stop endif SET TARGET PROFIT 10

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  C1 = LOW[2] > LOW[1]   C2 = LOW[1] > LOW   IF C1 AND C2 THEN   if not longonmarket AND C1 AND C2  then buy 5 contract at High stop endif   SET TARGET PROFIT 10

   

  what is the code to put the stop loss below the minimum?

  

  Ivan Donatiello

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  02/24/2018 at 8:34 PM #63833
  Leo

  SET STOP pLOSS (close-lowest[2](low))/pipsize+spread

  1	SET STOP pLOSS (close-lowest[2](low))/pipsize+spread

  do not forget the spread at entry the market!

  

  Leo

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  02/24/2018 at 9:11 PM #63837
  robertogozzi

  One ENDIF is missing!

  

  robertogozzi

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  02/26/2018 at 6:45 PM #63999
  Ivan Donatiello

  Thanks Roberto and Leo. But the stop does not work as I would like. In fact I want the stop under the minimum of the entrance candle and that it remains fixed there, but now it moves.

  I tried to use the stop of the post dochian channel but it does not work. This is my code

   

  3 Time Reversal Donatiello

  // Parameters Definition DEFPARAM CumulateOrders = False // Posizioni cumulate disattivate // Long Condition C1 = Low[2] > Low[1] C2 = Low[1] > Low C3 = Open[2] > Close[2] C4 = Open[1] > Close[1] C5 = Open > Close C6 = Low[1] > Close IF C1 AND C2 AND C3 AND C4 AND C5 AND C6 THEN BUY 1 CONTRACT AT High STOP ENDIF //Exit Profit Condition SET TARGET PROFIT AverageTrueRange[5](close) //Stop Loss Condition C7 = Low - 0.1*AverageTrueRange[5](close) if longonmarket then sell 1 CONTRACT at c7 stop endif

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  // Parameters Definition DEFPARAM CumulateOrders = False // Posizioni cumulate disattivate   // Long Condition C1 = Low[2] > Low[1] C2 = Low[1] > Low C3 = Open[2] > Close[2] C4 = Open[1] > Close[1] C5 = Open > Close C6 = Low[1] > Close   IF C1 AND C2 AND C3 AND C4 AND C5 AND C6 THEN BUY 1 CONTRACT AT High STOP ENDIF   //Exit Profit Condition SET TARGET PROFIT AverageTrueRange[5](close)   //Stop Loss Condition C7 = Low - 0.1*AverageTrueRange[5](close)   if longonmarket then sell 1 CONTRACT at c7 stop endif

  Is there a way to put the stop under the minimum of the enter candle, without it moving with the passing of the bars?

  

  Ivan Donatiello

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  02/26/2018 at 9:56 PM #64026
  robertogozzi

  This is your modified code, it should do:

  // Parameters Definition DEFPARAM CumulateOrders = False // Posizioni cumulate disattivate // Long Condition C1 = Low[2] > Low[1] C2 = Low[1] > Low C3 = Open[2] > Close[2] C4 = Open[1] > Close[1] C5 = Open > Close C6 = Low[1] > Close IF C1 AND C2 AND C3 AND C4 AND C5 AND C6 AND Not OnMarket THEN BUY 1 CONTRACT AT High STOP //Exit Profit Condition c8 = AverageTrueRange[5](close) SET TARGET PROFIT c8 //Stop Loss Condition C7 = Low - 0.1*c8 ENDIF if longonmarket then sell 1 CONTRACT at c7 stop endif

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  // Parameters Definition DEFPARAM CumulateOrders = False // Posizioni cumulate disattivate // Long Condition C1 = Low[2] > Low[1] C2 = Low[1] > Low C3 = Open[2] > Close[2] C4 = Open[1] > Close[1] C5 = Open > Close C6 = Low[1] > Close IF C1 AND C2 AND C3 AND C4 AND C5 AND C6 AND Not OnMarket THEN    BUY 1 CONTRACT AT High STOP    //Exit Profit Condition    c8 = AverageTrueRange[5](close)    SET TARGET PROFIT c8    //Stop Loss Condition    C7 = Low - 0.1*c8 ENDIF   if longonmarket then    sell 1 CONTRACT at c7 stop endif

  

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  02/26/2018 at 11:04 PM #64029
  Leo

  robertogozzi wrote:

  if longonmarket then    sell 1 CONTRACT at c7 stop endif

  This is a good point to ask here.

  This type of function never work for me. I don not know why.

  If I wish something like this, I have to put

  Set stop ploss (close - (Low - 0.1*c8)/pipsize

  1	Set stop ploss (close - (Low - 0.1*c8)/pipsize

  in order to update my stop loss, or something like

  If close < Low[1] - 0.1*c8 THEN SELL AT MARKET ENDIF

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  If close < Low[1] - 0.1*c8 THEN SELL AT MARKET ENDIF

   

  

  Leo

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  03/01/2018 at 12:57 AM #64168
  robertogozzi

  I tested the above code on both Dax and Eur/Usd, h1, and it works finely!

   

  

  robertogozzi

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