SetStopLoss

[Thomas79]

Hi

is there a simple wait to say "set a stop loss 2 ticks below the low[0]"

i'm trying the setstoploss action but this is only a calculationmode tick, price or currency

if i use exitlongstop it is cancel at the end of the bar and i need to use the live until cancelled with the iorder and the canceloder(), so complicated for me...

why it is not possible to say SetStopLoss("buy", StopLoss, true)
with:
"buy" to tie to the entrylong order
private int StopLoss=Low[0]-1*TickSize;
true for the simulated

if i write this script it is not working... and it would be easier...

Thomas

[koganam]

Hi

is there a simple wait to say "set a stop loss 2 ticks below the low[0]"

i'm trying the setstoploss action but this is only a calculationmode tick, price or currency

if i use exitlongstop it is cancel at the end of the bar and i need to use the live until cancelled with the iorder and the canceloder(), so complicated for me...

why it is not possible to say SetStopLoss("buy", StopLoss, true)
with:
"buy" to tie to the entrylong order
private int StopLoss=Low[0]-1*TickSize;
true for the simulated

if i write this script it is not working... and it would be easier...

Thomas

SetStopLoss("strSignalName", CalculationMode.Price, Low[0] - 2 * TickSize, true);

[Thomas79]

Thx a lot Koganam... it is working now !

but just a question,

what is the difference between setstoploss and exitlongstoplimit ?

Thomas

[koganam]

Thx a lot Koganam... it is working now !

but just a question,

what is the difference between setstoploss and exitlongstoplimit ?

Thomas

• SetStopLoss() is submitted as a market order.
• SetStopLoss() price value is inherited. That is why it must be reset when the position goes flat.
• ExitStopLongLimit() is submitted against a filled existing position; SetStopLoss() is set up before the order to enter a position.

Those are the major differences that I can think of. There a probably a few others.