Percent Trailing Stop (%) - For Study Scripts

7 May 2020

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Percent Trailing Stop (%) - { FOR STUDY SCRIPTS }
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Wow - this is an example of how to implement Alerts relating to a Trailing Stop (%) within your Study Script. It's taken a bit of effort to get this working but I think we got there!

Alerts include Open Long/Short, Trailing Stop Hit, and (the most important one) Movement of Trailing Stop! <- this is actually really quite good, by the way! :)

You can ignore the actual entry/exit orders - they're based on a simple MA cross and are therefore NOT relevant, NOT profitable and NOT recommended!

You should be using this code as a way of adding a Trailing Stop to your own scripts - hope it helps!

Set your "Open Long/Short" Alert to "Once per Bar Close" - Set your "Trailing Stop Hit" Alert to "Once per Bar" - Set your "Move TSL" Alert to "Once per Bar Close". - You're all done! Enjoy.

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Good Luck and Happy Trading!

24 May 2020

Sürüm Notları

UPDATE - Added "plot numbers" instead of plot names to give Alerts more consistent values when triggered.