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Using Supertrend as stop loss

AlgoAlex · 2019-08-28T15:24:02+00:00

Guys, how should I use a value in supertrend as initial stop loss? I don’t wanna close the order when close crosses over/under it, what I want is to use the value of Supertrend (or a moving average) at the bar of opening order as a level for stop loss.

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Using Supertrend as stop loss

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08/28/2019 at 4:24 PM #105763 quote

AlgoAlex
Participant

Master

Guys, how should I use a value in supertrend as initial stop loss?

I don’t wanna close the order when close crosses over/under it, what I want is to use the value of Supertrend (or a moving average) at the bar of opening order as a level for stop loss.

08/28/2019 at 4:35 PM #105764 quote
Nicolas
Keymaster

Legend
A the time you open an order, calculate the stoploss size by substracting the supertrend to the current Close:
```
if condition then 
 buy at market 
 stoploss = close-supertrend[3,10]
 set stop loss stoploss
endif
```
(for a buy order, considering the Supertrend is below the price).
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Using Supertrend as stop loss

ProOrder: Automated Strategies & Backtesting

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AlgoAlex @alexf Participant

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This topic contains 1 reply,
has 2 voices, and was last updated by Nicolas
7 years, 1 month ago.

Topic Details

Forum:	ProOrder: Automated Strategies & Backtesting
Language:	English
Started:	08/28/2019
Status:	Active
Attachments:	No files

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Using Supertrend as stop loss

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Using Supertrend as stop loss ProOrder: Automated Strategies & Backtesting

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Using Supertrend as stop loss

ProOrder: Automated Strategies & Backtesting