Fixed stop loss below the entry price
Author: Cacholla
Creation Date: 6/6/2020 11:00 PM
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Cacholla

#1
Is it possible to creat a fixed stop loss at a ticket bellow the minimum of the bar that give me the trigger entrece, using the "Rules"?

If dont, how can I do this?
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Eugene

#2
Yes. There's a condition "Sell at Stop if Price Falls Below Price at Entry Bar" in Community.Rules that does exactly that. Enter a $ Value and choose "Price: Low". You will find it straight under "Basic Exits (Long)" group.
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Cacholla

#3
Hello Eugene, thank you very much for responding! But it was not exactly that ..

I don't think I was very specific.

In fact, I would like to place my stop fixed on the candle prior to the entry candle.
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Eugene

#4
Since Rules currently do not allow for this, here's how you can accomplish this manually:

1. Set up your rules. They cannot be modified afterwards.
2. Click "Open code in new Strategy Window" to switch to WealthScript mode (irreversible).
3. Find line(s) like this;
CODE:
Please log in to see this code.

4. To refer to the price on the bar prior to the bar of entry add "-1":
CODE:
Please log in to see this code.


Good luck.
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