Hello,
Is it possible to place a stop loss below the lowest price of the last X candles?
For example, I'm buying at €1250 and the lowest of the last 10 candles is €1150, so the stop loss will be €1150.
thank you for your help
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Hello Andrey,
I would like to use your Donchian indicator to create stop losses value (close if under/over the previous candle). But the stop-loss value must be fixed and not change with Donchian...
I've made several tests of number and type of entry but I can't get it to work. Attached are the screenshots.
Can you help me configure it properly?
Thanks
Yeah, you can't do this with Donchian, sorry.
It seems we need to add more flexible Individual SL based on different indicators. I have a library for that. What do you think?
Yes it will be great. But initially, without an indicator, it would be nice to be able to set a SL according to the lowest/highest of the last X candles. And add a little safety at x point.
Or with Donchian but freezing the value of the SL when the position is opened.
Thank you for all your work and to the community... Like many people here, I hope one day to be able to share a great cash machine!
Hello, I tried with ATR but I was not successful. My wish is to create an SL which will go to the lowest point of the last 3 candles (for example) AND which will not move. With ATR the SL moves over time. If you find a solution, I'm interested. Thanks
fibo box indicator ( inside have x candle to calculate)
https://forex-station.com/download/file.php?id=3450285&sid=63a8fef044bf67f82c7ceadf20e25e01
maybe this can be connected with, a trailing stop that trails to the last low off X candles but the last swing low. Maybe Andrey can use the same calculations as he uses for finding extremums wtih the macd in the FIBO signal
This EA make the job but i can’t make backtest because it’s not a indicator…
https://www.mql5.com/ru/code/34167
Do you have a methode for make a backtest with 2 EA?
You can do it with a close signal based on Custom indicator like Donchian channel.