How to move my stop loss

• 01/12/2019 at 4:03 PM #88437
  Warsy

  How to move my stop loss below the low of the latest bar when I’m in profit to lock more pips?

  

  Warsy

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  01/12/2019 at 5:20 PM #88438
  robertogozzi

  Since you want to move your SL under the latest low, I assume you are LongOnMarket:

  IF NotOnMarket THEN NewSL = 0 ENDIF IF (close - TradePrice) >= 50 * pipsize THEN //50 pips or whatever you choose NewSL = max(NewSL,close - low) ENDIF IF NewSL > NewSL[1] THEN SET STOP LOSS NewSL ENDIF

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  IF NotOnMarket THEN    NewSL = 0 ENDIF IF (close - TradePrice) >= 50 * pipsize THEN //50 pips or whatever you choose    NewSL = max(NewSL,close - low) ENDIF IF NewSL > NewSL[1] THEN    SET STOP LOSS NewSL ENDIF

   

  

  robertogozzi

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