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Is it possible to have multiple types of stop loss?

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    Is it possible to have multiple types of stop loss?

    For my orders, I have a profit target and a stop loss. I can implement that from the strategy builder wizard. My question is, is it possible to have another stop loss?

    For example, If my current position is long and open and hasn't reached my stop loss, but the MACD line crosses below the AVG line the position will be stopped. Similarly, if I am in an open Short position, and the MACD line cross above the AVG line before reaching the stop loss, then the position is to be closed.

    Is it possible to do it with the wizard? If not, is it possible to implement such code?

    Thanks

    #2
    Hello hasana1,

    Yes you can just submit another entry for the quantity that you wanted at a later time using a separate set and conditions. That would increase the position and then the stop/target quantities would be updated as well. If you wanted different targets for that new quantity you can use different signal names for the new entries and then have separate targets observing those signal names.

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