Stop loss on MA, End of day

• 08/14/2019 at 8:33 AM #104729
  henders

  Hello,

  I would like to set a stop loss for if the ‘close’ price at the end of a day period is below a moving average. I don’t want the stop to kick in if the moving average is touched or crossed during the day.

  Would this work if:
  I set an alert on the moving average. Tick the box for ‘at end of current candle’ rather than ‘current period’. Associate a sell order to the alert.

  Could anybody tell me if this would work and if not, is it possible to set up?

  Thank you

   

  

  henders

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  08/14/2019 at 5:59 PM #104754
  GraHal

  I’ve used the Associated  Buy / Sell to an Alert and it does work fine.

  You’d be on a Daily / 1 day Time frame?

  I would say it would work as you want, but best to test it on Demo on first?

   

  

  GraHal

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  08/15/2019 at 8:16 AM #104764
  henders

  Excellent. Thanks very much for your help and I’ll give it whirl on demo first.

  Best wishes

  

  henders

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