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How to set stoploss daily, help needed

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How to set stoploss daily, help needed

  #1 (permalink)
Madrid + Spain
Posts: 2 since Mar 2015
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I have a strategy build in TS on a daily timeframe. I have a stoploss set with the "Setstoploss" command.

An entry is triggered by the strategy and a day StopLoss is properly set for that day/bar.
My problem is that, if the position remains open for the next day, the previous SLoss dissapears (because it was a daily order) and the strategy is not generating a new Sloss for that day.

How can I fix this so that there is always a SLoss in place? I'm think of two possible ways:
1) Instruct somehow to TS to send an new SLoss everyday
2) Instruct TS to send the first SLoss as a GTC order.

Can anybody advise on which of these is better and how to code it?

Thank you

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  #3 (permalink)
Posts: 10 since Jun 2015
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Have you tried to use program to calculate the stop lose for every open order ? for every tick received from the market, assume your program will be run at one time and the stop lose will be calculated. if the market price is below your stop lose, then you provide a instruction to close that order.

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Last Updated on June 24, 2015

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