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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fibo box indicator ( inside have x candle to calculate)
https://forex-station.com/download/file.php?id=3450285&sid=63a8fef044bf67f82c7ceadf20e25e01
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
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!
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?
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
You can do it with a close signal based on Custom indicator like Donchian channel.
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