Candle Trailing Stop

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Candle Trailing Stop

Postby surfandturf » Tue Oct 02, 2012 8:58 am

Dear Developer,
could you develop a trailing stop based on closed candles.

Bullish : The strategy checks, if a trade is opened. If yes, a stop loss is set a specified number of pips below the low of the latest bullish candle. Afterwards, the stop is trailed to the next low of the next closed bullish candle etc.. If the next closed candle is not bullish, the stop remains where it was until a bullish candle is created.

Bearish: vice versa

The strategy should work together with other strategies.

Thanks
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Re: Candle Trailing Stop

Postby Apprentice » Tue Oct 02, 2012 12:28 pm

Your request is added to the development list.
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Re: Candle Trailing Stop

Postby mtrptr » Sun Mar 04, 2018 3:42 pm

Hello.
This trailing SL is very interesting. I took note a long long time ago and thought that by now progress would have been made. I am not a programmer but I guess it would not be that difficult to program. If already in a long position and a green candle closes, then strategy trails SL below the low of the candle. If a red candle closes, strategy does nothing. And vice versa for short positions. Please put aside some time for this strategy.
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