checking 20 previous candles for setting SL

[rahele03]

HI, I want to put my SL under 5 previous candles(entry=candleID0 )(SL=candleID=4)how fxdreema calculate this?

[jstap]

Lowest price 5 candles, adjust by the - pip offset you need.

[cmuphyfx]

Consider the edge cases on what the last 5 candles might look like in extreme situations. You may be better off using an ATR value with a modifier coefficient, something like 1.5X the ATR for the last 5 or 10 candles.