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A candle close below the point of buy/sell
http://www.molanis.com/forum/viewtopic.php?f=14&t=317
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Author:  micade [ Tue Apr 05, 2011 8:48 am ]
Post subject:  A candle close below the point of buy/sell

Hi molanis. Am working on a system and i need ur help to achive this idea am working on. I want to set a stop on a candle close below the point / candle i buy a symbol.
Example
Assume am working on 1H chart and i go long. Instead of stating the stop loss in pips, i want to set my stop loss to when one or two candles close below the exact 1H candle that i buy the pair. Reverse is for sell i.e a candle close above the point of sale. DOnt know how to do this
Thanks for assisting

Author:  molanisfx [ Tue Apr 05, 2011 9:47 am ]
Post subject:  Re: A candle close below the point of buy/sell

In the current version, only fixed stop losses are possible.

Author:  micade [ Tue Apr 05, 2011 10:44 am ]
Post subject:  Re: A candle close below the point of buy/sell

molanisfx wrote:
In the current version, only fixed stop losses are possible.

ok. Thanks

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