Glossary · In Propcockpit

Bar-close stop

A level inside the stop loss that closes the trade only when a candle closes through it, so a wick through the level does not.

Set in the order ticket with a timeframe - 5 minutes, 15 minutes, 1 hour, 4 hours or 1 day - and watched on Propcockpit's server, so it works with the browser shut. The broker-side stop loss stays in place underneath it and is what risk is measured to.

It does not wait for the candle when the Buffer reaches zero, and it retires when a broker trailing stop overtakes it. On Pro and Premium.

Also called
candle close stop loss, stop loss on candle close, close on bar close

See it at work

Related terms

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