EOD trailing SL indicator?

• 01/27/2020 at 7:51 AM #117976
  henry crun

  Hi.

  My ATR based (end of day) trailing stop loss code works well in ProBacktest:

  ATR based stop loss

  close<(Highest[BarIndex-TradeIndex+1](high)-(ATR*2.5))

  1	close<(Highest[BarIndex-TradeIndex+1](high)-(ATR*2.5))

  However, when I try to code it as an indicator on charts, the following error message is displayed:

  BUY/STOP orders are only allowed in ProBackTest

  Why is this trailing SL not allowed as an indicator?

  Can you suggest an alternative solution?

  Thanks in anticipation,

  

  henry crun

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  01/27/2020 at 8:45 AM #117981
  robertogozzi

  As your post reports, indicators do not support BUY/STOP orders.

  Indicators can only RETURN data/signals. Orders are not their goal.

  Remove any trading order and add RETURN.

  

  robertogozzi

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  01/27/2020 at 8:47 AM #117982
  Vonasi

  It is because indicators cannot have code in them that is do with orders. TRADEINDEX is a PrOrder code word and not a ProBuilder code word.

  The best way to display the stop level is to do it in the strategy by using GRAPHONPRICE.

   

   

  

  Vonasi

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