EOD trailing SL indicator?

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

New
Hi.

My ATR based (end of day) trailing stop loss code works well in ProBacktest:
```
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,
01/27/2020 at 8:45 AM #117981 quote

robertogozzi
Moderator

Legend

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.

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

Vonasi
Moderator

Master

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.
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EOD trailing SL indicator?

ProBuilder: Indicators & Custom Tools

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henry crun @henry-crun Participant

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This topic contains 2 replies,
has 3 voices, and was last updated by Vonasi
6 years, 7 months ago.

Topic Details

Forum:	ProBuilder: Indicators & Custom Tools
Language:	English
Started:	01/27/2020
Status:	Active
Attachments:	No files

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