Stop based on percentage of buy price?

[Afterwork]

I did some searching and could not find a answer. What would I add to my strategy code to get a stop at lets say 5% below the open price of the trade.

I am on a different computer and cannot copy my script but, It would go in this line.

AddOrder (OrderType.Sell_To_Close, rsi crosses above overBought, tickcolor = GetColor (1), arrowcolor = GetColor(1), Name "Sell");

I assume I can add a after the above statement for the stop. Thanks ahead of time.

 

[rad14733]

@Afterwork Have you checked out the built-in stoploss Strategies...??? They are designed to work in conjunction with custom Strategies... You can reinvent to wheel or take advantage of what is already available...