Percent Trailing Stop (%) - For Study Scripts
9532 مشاهدة
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Percent Trailing Stop (%) - { FOR STUDY SCRIPTS }
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Wow - this is an example of how to implement Alerts relating to a Trailing Stop (%) within your Study Script. It's taken a bit of effort to get this working but I think we got there!
Alerts include Open Long/Short, Trailing Stop Hit, and (the most important one) Movement of Trailing Stop! <- this is actually really quite good, by the way! :)
You can ignore the actual entry/exit orders - they're based on a simple MA cross and are therefore NOT relevant, NOT profitable and NOT recommended!
You should be using this code as a way of adding a Trailing Stop to your own scripts - hope it helps!
Set your "Open Long/Short" Alert to "Once per Bar Close" - Set your "Trailing Stop Hit" Alert to "Once per Bar" - Set your "Move TSL" Alert to "Once per Bar Close". - You're all done! Enjoy.
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Good Luck and Happy Trading!
Percent Trailing Stop (%) - { FOR STUDY SCRIPTS }
===========
Wow - this is an example of how to implement Alerts relating to a Trailing Stop (%) within your Study Script. It's taken a bit of effort to get this working but I think we got there!
Alerts include Open Long/Short, Trailing Stop Hit, and (the most important one) Movement of Trailing Stop! <- this is actually really quite good, by the way! :)
You can ignore the actual entry/exit orders - they're based on a simple MA cross and are therefore NOT relevant, NOT profitable and NOT recommended!
You should be using this code as a way of adding a Trailing Stop to your own scripts - hope it helps!
Set your "Open Long/Short" Alert to "Once per Bar Close" - Set your "Trailing Stop Hit" Alert to "Once per Bar" - Set your "Move TSL" Alert to "Once per Bar Close". - You're all done! Enjoy.
-----------
Good Luck and Happy Trading!
ملاحظات الأخبار:
UPDATE - Added "plot numbers" instead of plot names to give Alerts more consistent values when triggered.
==============
https://www.theCrypster.com
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> Full Access on our website. 7-Day Free Trial. Crypto Tipster & Crypto Scalper Strategies. Stunning Past Performance
-----------
https://twitter.com/TCrypster
==============
https://www.theCrypster.com
-----------
> Full Access on our website. 7-Day Free Trial. Crypto Tipster & Crypto Scalper Strategies. Stunning Past Performance
-----------
https://twitter.com/TCrypster
==============
التعليقات
If I understand you correctly, it's actually designed to ignore wicks as you'd want your SL line to mimic close prices - not the high/low (wicks).
If we included wicks in the SL formula (instead of close price) you could end up with an SL price higher (assuming you're Long) than the bar close price, which would end up with confusion whether trading manually or (more importantly) through an auto trading bot.
Let us know if we understood your comment correctly! :)
It looks back a certain period (defined by the user) to find the HL's from that pre-defined range, and places the SL at that high or low. We've then added a % offset to this HL price, so you can tweak and adjust the HL stop by a certain % up or down to suit your needs/requirements.
I'm not going to be publishing this script for public access. But given the info ^ you should be able to write that code for yourself!
All the best
theCrypster