Using variable to set the stop loss

[Ringman]

Hi, I have been trying to set my pending order stop loss at 2 x the 14 day ATR. It doesn't work if you simply put that in the buy/sell pending order block. So I used some formula blocks to work out what that would be as a variable. It doesn't seem to do anything like this either.

Some help would be appreciated, many thanks.

https://fxdreema.com/shared/U67FhCmje

[bedeka]

1. Use formula to calculate i.e. candle close - ATR and set it as variable
2. Use trailig stop with Custom (level), value and put your variable

[Ringman]

Hi Bedeka, thank you for you help on this. I don't want the stop to be trailing though, I want to be 2 x 14 day ATR at the time the trade opens and then stays there. I tried doing it the same way but without trailing stop and it doesnt seem to work.

Many thanks

[Ringman]

Hi Does anyone know the answer to the above? The formula to set the variable for the ATR stop loss works on a Buy or Sell now. However why does it not work on a pending order? What if you don't want a trailing stop for it? Thank you