Im looking for a combined function of STOP LOSS x and TRAILING y
As I understand you can use that combo in Backtest but not in Auto Trading.
I’ve read around in the forum and found several ways to “hard code”/own script code the TRAILING function and for ex. combine it with the STOP LOSS x command line.
Im looking for the reversal.
To use the SET STOP TRAILING and then set a coded SL
Example
example
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// Conditions to enter long positions
c1=(close>close[1])
IFc1THEN
BUY1CONTRACTATMARKET
ENDIF
// Stops and targets
SET STOPTRAILING6
//Own coded SL command
XXXX
What code could I use?
Would like the SL to be X points bellow tradeprice
(trading index)
The basic Ide, as you probably understand, is too safe up the trade; so if after enter the trade goes down bellow SL sell. If that dosnt happends use TRAILING and follow the trade in favor direction (to exit after turnaround)
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