- Timeframe: 15 minutes
- After entering a position, evaluate only after each 15-minute candle closes.
- Exit only if the closing price of the current completed candle is below the low of the immediately preceding completed 15-minute candle.
- If the candle merely trades below the previous candle’s low intrabar but closes back above it, do not exit.
Hi @nItOyHO1Yo , you can achieve this by using the Range Breakout Trigger to check for this exit condition. In the configuration you can select the range type as “Previous N Candles” , “Last N Candle” set to 1 and 15 min candle, “Confirmation timeframe” 15 min and “Breakout direction” up/down.
You can then use the Place Order Action and place a counter order to your entry order, OR , you can use the Square Off Action to square off the position.
You can refer to the following tutorial to understand the Range Breakout Trigger :
2 Questions, As per my understanding it will not move continously if the price moves upwards, it will just set SL as the low of the candle ( closing basis ) if i am not wrong, can we make it move with the price instead of a static one.
Second, will it work for swing trades or will it only work for intraday ?