Stop mover
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Guys, I've been working on a solution to move my stop loss automatically for so long now and I just can't do it. Can anyone more advanced give me a good solution? What I want is this (sell example):
Entry is the green line. As my trade goes into profit and price then pulls back above the 10 and 15 EMA, I want to move the stop loss to 1 pip above the pullback when price makes new lows (blue line). Not before...so as long as there is no new low, I don't want SL moved. Also, I only want the stop to be moved, if the new stop is in profit...so the highest point of the pullback has to still be in profit.
Could anyone show me a tree that can do that...I've really been at this since ages and just can't get it to work. Thanks a lot!
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That is not a trivial thing to do. You need a set of condition blocks to identify when those conditions happen and then at least one variable to store the value of the pull back. Did you try it?
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@SirLuk
HI.
it is not too hard.
Just check candle close and when candle 1 closed lower that EMAs you should check HH with Market properties and use a change stop block -
I have the condition blocks and that works fine. What doesn’t work is the EA to react when a new low after entry is made. I wanted to use lowest price with candle IDs but how do I know which ID the candle has, where I opened the trade?
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Can you please share the link to your project?
