Set Position Exit to Low/High before Entry Bar?

[evanevans]

Did my DD in scouring the search/google, and couldn't find the answer to this...

How do you set a stop loss to be the low (in the case of long entry) of the bar just prior to entry?

 

[rad14733]

You would need to use recursion to maintain the low of the candlestick bar that is the same as your EntryPrice()... Then you would add something like "or price <= stopLoss" to your closing conditional clause... There are several trailing stoploss scripts here in the forums that can be adapted to your needs... Using ATR or a fixed amount or percentage is far easier than low prior to entry, but it is possible...

 

[evanevans]

Appreciate the help. That is disappointing but I will look through other scripts. Might have to settle on a ATR %. Except it needs to be based on the ATR % at the time of entry. Is there a way to know what time an entry is at, and then know what bar is at that time?

 

[dizzy0ny]

did you ever figure this out? seems like it would be a common type of exit..the low of the entry bar for instance