I've been trying to put a stop loss in the High or Low of the last second bar after I open a position but in this example the only way to close it, is with the opposite action. Does anyone know how to put a stop loss and order with just stop loss and close when there is a bullish or bearish engulfing bar?
//@version=2 strategy("Super Envolvente", overlay=true) secLast = 1 checkingHighsAndLows(position) => high >= high[position] and low <= low[position] isBearishEngulfing(position) => checkingHighsAndLows(position) and open >= close[position] and open >= open[position] and close <= open[position] and close <= close[position] isBullishEngulfing(position) => checkingHighsAndLows(position) and open <= close[position] and open <= open[position] and close >= open[position] and close >= close[position] longCondition = isBullishEngulfing(1) if (longCondition) strategy.entry("Long Entry", strategy.long) shortCondition = isBearishEngulfing(1) if (shortCondition) strategy.entry("Short Entry", strategy.short)