Use indicator value as a constant

• 12/22/2021 at 10:03 AM #183736
  Traktor

  Hi Everybody

  I’m using the ATR indicator as my Stop loss and profit target and I want that value to not update with each new bar. I’ve tried different methods but nothing works so far.

  ATR = AverageTrueRange[14] SET STOP pLOSS (1*ATR) SET TARGET pPROFIT (2*ATR)

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  ATR = AverageTrueRange[14]     SET STOP pLOSS (1*ATR) SET TARGET pPROFIT (2*ATR)

  Here the Value of “ATR” updates as every new bar opens but I want to only get the value from the same bar as I opened my position and use that value as a constant but I can’t seem to figure out how.

  Thanks in advance

  

  Traktor

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  12/23/2021 at 12:21 AM #183781
  robertogozzi

  There you go:

  ATR = AverageTrueRange[14] If MyLongConditions and Not OnMarket Then Buy at Market SET STOP pLOSS (1*ATR) SET TARGET pPROFIT (2*ATR) Endif

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  ATR = AverageTrueRange[14] If MyLongConditions and Not OnMarket Then    Buy at Market    SET STOP pLOSS (1*ATR)    SET TARGET pPROFIT (2*ATR) Endif

  embedding the two lines in the IF…ENDIF block where a trade us entered ensures they won’t be executed each candle.

   

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  Zigo

  

  robertogozzi

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