Stop loss below the lowest price

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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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Andrey Khatimlianskyi
Quote from Thierry

Hello Andrey

Can you use this SL (lowest of the last x candles) to calculate the number of lots as with traditional SL? For example, if I want to risk 1% of my capital on each position, CP will calculate the size of the lots according to the SL (determined according to the lows of the last x candles).

And can you create a TP based on this SL: if Ratio=1 then TP=1xSL; if Ratio=1.5 then TP=1.5xSL ....

thank you

Lot calculation will work as you want in 2.60.1 (in Risk per trade mode).

As for the TP,  please add your suggestion as a new topic so we will not forget about it.

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Thierry

Hello Andrey

Can you use this SL (lowest of the last x candles) to calculate the number of lots as with traditional SL? For example, if I want to risk 1% of my capital on each position, CP will calculate the size of the lots according to the SL (determined according to the lows of the last x candles).

And can you create a TP based on this SL: if Ratio=1 then TP=1xSL; if Ratio=1.5 then TP=1.5xSL ....

thank you

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Andrey Khatimlianskyi
  • Completed

Ready in v2.59.5

The documentation has not been updated yet, but you can already play with the new version.

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Andrey Khatimlianskyi
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Ulises Cune
Quote from Ulises Cune

You can use "Support and Resistance" from earnforex which is similar to Donchain channel

Image 6011

https://forum.communitypowerea.com/communities/7/topics/815-support-and-resistance-indicator?redirect_to_reply=7398#comment-7398

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Andrey Khatimlianskyi
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Ulises Cune

You can use "Support and Resistance" from earnforex which is similar to Donchain channel

Image 6011

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Thierry
Quote from Andrey Khatimlianskyi

Nope, you can't do this.
I'll add customizable Individual SL soon.

Thanks Andrey 👍

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Andrey Khatimlianskyi
Quote from Thierry

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?

Nope, you can't do this.
I'll add customizable Individual SL soon.

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Thierry

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?