Topic: Alternatives to fixed stoploss

I don't like to use fixed pip stoplosses in my trading: instead I prefer either the lowest low of last xx bars (when going Long) or an ATR-based stop (say 2x ATR(10)).

How would I achieve this in FSB ?

Re: Alternatives to fixed stoploss

There is ATR Stop indicator in Closing Point slot.

Re: Alternatives to fixed stoploss

'lowest low of last xx bars' -> hmm, been thinking about this, from long time. It seems to be simple to implement, but there is no such indicator yet. Is there a 'catch' ?

Re: Alternatives to fixed stoploss

rjay wrote:

the lowest low of last xx bars (when going Long)
How would I achieve this in FSB ?

Donchian Channel.

Re: Alternatives to fixed stoploss

Thanks!