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Version: 3.0

Example G3: Sell stop and StdDev pending price

caution

This is not a ready-to-use trading strategy. A trading strategy requires adjustment to the timeframe and symbol, along with thorough backtesting. The example is intended as a foundation for your own custom strategy and to help you get familiar with the Expert Advisor Builder web application. To import and use an example, please follow the instructions provided here.

Description​

This example implements sell stop orders for short positions, placing orders below current price to confirm downward momentum. The STD indicator determines optimal placement distance, adapting to market volatility. This ensures orders trigger only on meaningful downward moves.

Sell stop orders protect against false breakdowns in uptrends by requiring price confirmation before entering short positions. This conservative approach reduces premature shorts that suffer immediate losses when uptrends resume. The pending mechanism provides this confirmation filter.

The visual display shows pending order levels clearly, helping traders understand where orders wait for execution. This transparency aids in learning how pending orders interact with market price action.

Recreate the Example​

You can either import this example directly or set it up manually. To manually replicate the trading module, make sure a newly added module includes the following key settings and that the professional mode is activated:

Trade Basics

  • Operation type = Short

Pending Order Settings

  • Mode = Stop
  • Price calculation method = Indicator value
  • Used indicator = STD
  • Expiration = 75

Signal Generation - Indicators - STD

  • Signal in use = On
  • Signal used for = Forward
  • Selected indicator = STD
  • Draw in chart = Off
  • Forward adjustment = 3.50

Signal Generation - Indicators (MACD Main line)

  • Signal in use = On
  • Signal used for = Entry
  • Selected indicator = MACD
  • Line index = Main line
  • Draw in chart = On
  • Drawing slot = 1

Signal Generation - Indicators (MACD Signal line)

  • Signal in use = On
  • Signal used for = Entry
  • Selected indicator = MACD
  • Line index = Signal line
  • Draw in chart = On
  • Drawing slot = 2

Signal Generation - Indicator Combinations (MACD Main line & MACD Signal line)

  • Signal in use = On
  • Signal used for = Entry
  • Input indicator 1 = MACD (Main line)
  • Input indicator 2 = MACD (Signal line)
  • Value relation = Value 1 cross value 2

Initial Stop Loss

  • Selection = Indicator
  • Used indicator = STD

Initial Take Profit

  • Selection = Risk ratio
  • Risk ratio = 1.40

Screenshots​

Example G3: Sell stop and StdDev pending price.webp