Stoploss beyond high/low previous bar
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12345678910111213141516171819If not onmarket and hora1 and hora2 and Close>Open and Close[1]<Open[1] thenBuy possize contract at high + 1 * pointsize stopSET TARGET PPROFIT 15sl = low[1] – 1*pointsizeSell at sl STOPelsif not onmarket and hora1 and hora2 and Close<Open and Close[1]>Open[1]thenSellshort possize contract at low + 1 * pointsize stopset target pprofit 15sl = high[1] + 1*pointsizeIf LongOnMarket Thensl = max(sl,low[1] – 1*pointsize)Sell at sl STOPElsif ShortOnMarket thensl = min(sl,high[1] + 1*pointsize)Exitshort at sl STOPEndifendif
As you can see, your structure is not correct. The main ElsIf is executed only once, when not OnMarket. After that you are OnMarket and the Sell at sl Stop (or ExitShort at sl Stop) is executed only once.
Notice that these “Pending Stop” orders need to be executed each new bar. Thus it needs to be something like this :12345678910111213141516171819If not onmarket and hora1 and hora2 and Close>Open and Close[1]<Open[1] thenBuy possize contract at high + 1 * pointsize stopSET TARGET PPROFIT 15sl = low[1] – 1*pointsize//Sell at sl STOPelsif not onmarket and hora1 and hora2 and Close<Open and Close[1]>Open[1]thenSellshort possize contract at low + 1 * pointsize stopset target pprofit 15sl = high[1] + 1*pointsizeendifIf LongOnMarket Thensl = max(sl,low[1] – 1*pointsize)Sell at sl STOP // Must be repeated at each bar.Elsif ShortOnMarket thensl = min(sl,high[1] + 1*pointsize)Exitshort at sl STOP // Must be repeated at each bar.Endif2 users thanked author for this post.
1234567If LongOnMarket Thensl = max(sl,low[1] – 1*pointsize)Sell at sl STOP // Must be repeated at each bar.Elsif ShortOnMarket thensl = min(sl,high[1] + 1*pointsize)Exitshort at sl STOP // Must be repeated at each bar.EndifYou say “sometime not” but I would attest “always not”. 😉
After your code has executed and a new position is taken – which is visible in the next bar – the code needs to be called again before it can see that LongOnMarket is true. So only then (see code snippet) the pending order can emerge. Not on the same bar as where the position was taken. And so it runs one bar behind.
Notice that a normal StopLoss (Set Stop Loss) order would become visible at the same time as the position itself – at the first bar after your code was executed.1 user thanked author for this post.
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