//------------------------------------------------------
//
//  Formula Name:    Stop Loss Illustraton
//  Author/Uploader: Trading Tuitions
//  E-mail:          support@tradingtuitions.com
//  Website:         www.tradingtuitions.com
//------------------------------------------------------

_SECTION_BEGIN("Stop Loss Illustraton");


// Define inputs
SetTradeDelays( 0, 0, 0, 0 ); // No trade delays
SetOption("InitialEquity", 100000); // Set initial equity to 100,000
SetOption("MinShares", 1); // Minimum shares to trade
SetOption("CommissionMode", 0.02); // Commission rate

// Define strategy
Buy = Cross( MACD(), Signal() ); // Buy when MACD crosses above Signal
Sell = Cross( Signal(), MACD() ); // Sell when MACD crosses below Signal

// Define stop loss types
StopLossPercent = 1.0; // Define a stop loss as a percentage of the entry price
StopLossATR = 2.0; // Define a stop loss as a multiple of the Average True Range
StopLossTrailing = 3.0; // Define a trailing stop loss as a multiple of the Average True Range

// Define stop loss conditions
StopLossPercentCondition = BuyPrice * ( 1 - StopLossPercent/100 ); // Define stop loss as a percentage of the entry price
StopLossATRCondition = BuyPrice - StopLossATR * ATR(14); // Define stop loss as a multiple of the Average True Range
StopLossTrailingCondition = HHV( High, 10 ) - StopLossTrailing * ATR(14); // Define trailing stop loss as a multiple of the Average True Range

// Apply stop loss conditions
ApplyStop( stopTypeLoss, stopModePercent, StopLossPercentCondition ); // Apply percentage stop loss
ApplyStop( stopTypeLoss, stopModePoint, StopLossATRCondition ); // Apply ATR stop loss
ApplyStop( stopTypeNBar, stopModePoint, StopLossTrailingCondition ); // Apply trailing stop loss