Change stop loss after 1 candle
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Hi I would like to change the stop loss after the 1st candle is completed since the moment I opened a trade. I tried to understand "Counter: pass"n" times" but I do not know what times stands for.
Thanks. -
https://fxdreema.com/forum/topic/6986/check-age-based-on-candles
If BarCounter == 1 --> Modify Stops
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I think it also matters whether do you want to be able to do it multiple times, or just once. And also, do you really need to do it when the new candle is created, or at some number of minutes after the trade is created.
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@josecortesllobat Thanks for suggestion I will try it
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@fxdreema I just want it once. I need to do it after 1 candle because I am working on a swing strategy based on cross on ATR. After a candle that breaks certain levels of ATR I realized that volatility, in some case, i still high. So, I would like to keep high stop loss on the first candle and after that reduce the SL to a more profitable level
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Try "For each Trade -> check age -> modify stops". Also "once per trade/order" can be put to prevent multiple modifications. The thing here is that "check age" works with the age of the trade and it doesn't care about candles, but I think this should be ok. Well, if you want to modify stops on the new candle exactly, then put "Once per bar" above and with "check age" you can check the opposite - whether the trade is younger than whatever minutes.
