Close below first low of reference candle

[[Deleted]]

Hi, I have a startegy when I enter Long when:

Close[1] > SMA 20 // ENTER LONG

I would like to exit when price close below SMA 20 and below first Close[1] - 10 pips :

Close[1] < SMA 20 && Low of the first Close[1] - 10*Points (this one I enter long)

My problem is to recall the candle of reference .

Here the graph to understand . I know Gordon will guide me to the right thing to read :-)

Thanks for your help !

[[Deleted]]

joebaatan:

Hi, I have a startegy when I enter Long when:

Close[1] > SMA 20 // ENTER LONG

I would like to exit when price close below SMA 20 and below first Close[1] - 10 pips :

Close[1] < SMA 20 && Low of the first Close[1] - 10*Points (this one I enter long)

My problem is to recall the candle of reference .

Here the graph to understand . I know Gordon will guide me to the right thing to read :-)

Thanks for your help !

I did a mistake in the picture, here the amendment 'Stop loss' by 'Exit trade'.

[[Deleted]]

Just 'cos Gordon is sometimes busy, I will take a crack...

When you enter the trade, take a time for the reference bar...

ref_bar_time =iTime(NULL,0,1);

Then use ibarshift to to get back to your reference bar.

ref_bar=iBarShift(NULL,0,ref_bar_time);

SL=iLow((NULL,0,ref_bar)-10pips;

Of course you could simply set a variable SL based on the low of the prev bar when you open the trade and then test if price is below this and the ma..

SL=ilow(NULL,0,1)-10pips;

HTH

V