This screen will look if the C1 or C2 made a lower low or higher high since a number of configured sessions. For example, you may want to take only trades if they are the 52 sessions highs or lows.
Parameter Name | Parameter Type | Description | Default value/allowed values |
trailing_stop_strategy | int | The Stop Loss Strategy | Default value: TRAILING_STOP_NONE See bellow for avaiable strateges |
TRAILING_STOP_HIGH_LOW
The system can use a trailing stop loss. It moves the stop loss to the lowest/highest of any previous candle.
- move_sl_to_low_high_of_candles – How many candles should the system use to calculate the new stop loss?
The candles will be counted relative to the candle that opened the trade.
For example, if in a hourly chart, a candle opens at 16:00, then the candle of 16:00 will be the candle 0. If the parameter move_sl_to_low_high_of_candles is less than the number of candles elapsed, so nothing will be done with the stop loss. If the stop loss is lower/higher than current stop loss, then also nothing will be done.