• Registered: 2008-04-11
  • Posts: 1

Topic: close below BB

Hi everyone,
Can I set the closing position to "close the trade if the price close before upper BB"?
And can I set the "trailing stop loss" to the low of previous bar?

Thanks

  • Popov
  • Popov
  • Lead Developer
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  • From: Bulgaria
  • Registered: 2006-11-30
  • Posts: 8,024

Re: close below BB

Can I set the closing position to "close the trade if the price close before upper BB"?

[Closing point of the position]
Bar Closing
     Exit the market at the end of the bar
     Base price  -  Close

[Closing logic condition]
Bollinger Bands
     The bar closes below the Up Band
     Smoothing method  -  Simple
     Base price  -  Close
     MA period  -  20
     Multiplier  -  2
     Use previous bar value  -  No


This logic closes a long the position at the end of the bar when the closing price is lower than the up BB band. It closes a short position when the bar closes above the down BB band.

And can I set the "trailing stop loss" to the low of previous bar?

The Trailing Stop indicator accepts a number of pips as a starting value. You cannot set it to the previous low.

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