moving stop.

[squrken]

Hi guys
I want to use a moving stop on last candle high/low price, but can’t find this option.

What I figure out was I can set the stop at last candle price high/low, but then I stays there.
I want it to move on, so the stop on my open trade is always on the high/low of the previous candle of the current candle.

I know trailing stop, that’s not what I want..

Is this possible??

Thanks.

BR

[l'andorrà]

Try this for buys:

https://fxdreema.com/shared/jVwGd2NJ

Then duplicate it for sells

[squrken]

Thanks for your input, much appreciated.

Unfortunately, i can't get this working as intended.
It sets the SL in the first place, but does not move for each candle.

Do you have any other suggestions??

BR

[l'andorrà]

Yes. It moves when the next low is higher than the previous one. Are you asking for a SL moving to a low no matter if it is higher o lower than the previous one. It's a weird SL.

[trader.philipps]

@l-andorrà That doesn't seem to make much sense as the SL would have been hit in that case (lower low of candle). Right?

[squrken]

@l-andorrà
I want it only to move to a higher low continuously until the trade gets stopped out.

[l'andorrà]

@trader-philipps Yes, I agree. But this is what he's apparently saying.

[l'andorrà]

@squrken And that's what it does. Block two compares the current SL level with that of candle ID 1's low. Only if that SL is BELOW candle ID 1's low will move it up. Never down.

[squrken]

@l-andorrà I cant get it to do that.
Im sorry, it seems like its gone, when im clicking the link, can you build it again please.

[l'andorrà]

Sure! here you have it again.

https://fxdreema.com/shared/05nCnD34