How to set a stop loss at low or high of 2 previous Heikin Ashi

• 01/28/2017 at 9:40 AM #22812
  Nikita

  Dear all,

  I’m trying to set a stop loss 2 pips under or 2 pips above the high at 2 prevoius bar of a Heikin Ashi.

  I found something on the forum but it was talking about normal candles and not HA. I tried to adapt it to HA but it is not working as expected.

  I want the stop loss NOT to change at next bars.

  Here’s the code of Heikin Ashi I use:

  xClose = (open+high+low+close)/4 IF BarIndex=0 THEN xOpen = open xHigh = high xLow = low ELSE xOpen = (xOpen[1] + xClose[1])/2 xHigh = Max(Max(high, xOpen), xClose) xLow = Min(Min(low, xOpen), xClose) ENDIF

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  xClose = (open+high+low+close)/4 IF BarIndex=0 THEN xOpen = open xHigh = high xLow = low ELSE xOpen = (xOpen[1] + xClose[1])/2 xHigh = Max(Max(high, xOpen), xClose) xLow = Min(Min(low, xOpen), xClose) ENDIF

   

  To enter long:

  IF all my conditions THEN BUY 1 SHARES AT MARKET xsll = xlow[3] SET TARGET pPROFIT x ENDIF

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  IF all my conditions THEN BUY 1 SHARES AT MARKET xsll = xlow[3] SET TARGET pPROFIT x ENDIF

   

  to enter short:

  IF all my conditions THEN SELLSHORT 1 SHARES AT MARKET xSLS = xhigh[3] SET TARGET pPROFIT y ENDIF

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  IF all my conditions THEN SELLSHORT 1 SHARES AT MARKET xSLS = xhigh[3] SET TARGET pPROFIT y ENDIF

   

  finally to set stop loss:

  IF longonmarket THEN SELL AT xsll-2*pipsize STOP endif IF ShortOnMarket THEN BUY AT xsls+2*pipsize STOP ENDIF

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  IF longonmarket THEN SELL AT xsll-2*pipsize STOP endif   IF ShortOnMarket THEN BUY AT xsls+2*pipsize STOP ENDIF

   

  Here what happen:

  1. When it has to close long position looks not bad even if it sometimes the exit from position it’s lower then xlow[3], so I do not understand if it sell as soon as the price reach xlow[3]+2pipsize or it waits the bar where it reaches it to close.
  2. When it has to close short position it opens a countrary long position, so I found myself with a opened long postion which I don’t need. Regarding point where it closes the short position the issue is as above at point 1.

  I really appreciate your help!

  Thank you all!

  

  Nikita

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  01/28/2017 at 2:13 PM #22839
  Nicolas

  To close short position, you have to use EXITSHORT instruction, not BUY which is already made to go long on market.

  

  Nicolas

  Keymaster

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  01/28/2017 at 10:42 PM #22877
  Nikita

  Thank you Nicolas

  that was it! i’ve done some other changes and now it’s working as it should!

  Thank you again!

  

  Nikita

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