How to set Stoploss = Signal candle's previous candle's low

#1

I am making a strategy, in which buy should trigger when RSI crosses value 70.
Now after that I want to place Stop Loss.

Stop Loss = Signal candle’s previous candle’s low.

E.g.
Time frame = 15 mnt
Buy Signal is generated at 9:45-10:00 candle.
So here my stop loss is low of 9:30-9:45 Candle’s low.

I have searched a lot in blogs and templates, but I am not able to find out how to do that.
Can anyone please guide me on how I can set stop loss as above condition.

#2

Hi,

This will require condition action to store the value of candle low in a variable.
Please write an email to [email protected] for this

#3

I am also looking for a similar condition. To place SL below the previous candle low and that candle should have big body. Can you help me figure this out?

#4

I am also searching for it’s answer, but could not see it anywhere for tradetron. Tradetron team must show a video or coding lines for keeping such type of stoploss.

#5

Now you have Runtime Variable feature available in Tradetron to fulfill this requirement. Please refer their you tube videos

#6

try,

LTP <= Position (search for LOW and select -1 in candle)

Fill the chart details by clicking on ‘‘symbol’’ and select your desired timeframe.
Fill the instrument details by clicking ‘‘intrument name’’

And you’re done

NOTE : Put these conditions either on repair ones or at exit conditions.

I am not sure if these conditions will work properly or not but you should try them

#7

I am also finding how to exit below the triggered candle low.

Please do needful if you have solution

#8

first create runtime variables and use get runtime at exit condition

#9

first create runtime variables and use it at exit condition.