: Forum Stop loss and take profit

03/29/2018 at 7:40 AM #66651

Nicolas

Topic moved to automatic trading forum.

Below is an example of how to set a stoploss on the Low of the previous candlestick, minus 2 points below it. With an adjusted takeprofit size calculated with the stoploss distance.

if not lononmarket and buycondition then
 buy 1 contract at market 
 stoploss = close-(Low[1]-2*pointsize)
 set stop loss stoploss
 set target profit stoploss*1.5
endif

if not lononmarket and buycondition then

buy 1 contract at market

stoploss = close-(Low[1]-2*pointsize)

set stop loss stoploss

set target profit stoploss*1.5

endif

Nicolas

Keymaster

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