How to Setup Stop Loss For Buy Trade To Equal ZigZag Last Swing High - Current Price Divided By 2 Opposite For Sell Trade?

[forexhunter998]

Looking for a example of How to Setup Stop Loss For Buy Trade To Equal ZigZag Last Swing High - Current Price Divided By 2 Opposite For Sell Trade? if anyone could help it would be a pleasure

[l'andorrà]

What do you exactly mean by 'Current Price Divided By 2 Opposite For Sell Trade'?

[forexhunter998]

Stop loss calculated in pips
Previous high using zigzag in pips take away current price divided by 2

[l'andorrà]

Could you please upload a screenshot showing a visual example for a buy?

[forexhunter998]

I cannot upload a example

The stop loss for buy is set at this calculation current price distance from zigzag last previous high divided by 2 in pips

For sell its calculated in pips at current price distance from zigzag previous low divided by 2

[l'andorrà]

@forexhunter998 But that's a weird calculations. Is that last previous zigzag high supposed to be above or below current price to be considered?

[forexhunter998]

Should be higher than current price and lower for sell

[forexhunter998]

[forexhunter998]

[forexhunter998]

Image zigzag red current price green difference between current price and zigzag blue

[l'andorrà]

@forexhunter998 Then you can do something like this:

You will need the equivalent block for a sell with a '+' instead of a '-' to do the calculation. Additionally, that '*10000' multiplier is for 5 digits forex symbols. You will have to modify it for other symbols accordingly.