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Date/Time: Fri, 07 Feb 2025 20:23:09 +0000



Variable Stop Loss

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[2020-06-11 13:52:26]
User418587 - Posts: 5
Is there way to have a variable stop loss connected to the trading system based on alert condition? For example, if the trading system alert condition activates to take a buy trade on a certain bar, I want the stop loss at the bottom of that bar, which may be 10 ticks. On another trade, however, the bottom of the bar may be 5 ticks. Is there a way to essentially program a stop loss at the bottom of a bar knowing that the stop loss will always be a different size because of bar size? thanks
[2020-06-12 19:22:45]
Sierra Chart Engineering - Posts: 104368
For this you would need to use the Spreadsheet System for Trading study:
Spreadsheet Systems, Alerts and Automated Trading
Sierra Chart Support - Engineering Level

Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy:
https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation

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