: Forum Move stop loss level to opening level

08/15/2018 at 11:47 AM #78269

robertogozzi

There you go (not tested, though, let me know of any issue):

IF Not OnMarket THEN
   StopLoss = 0
ENDIF
DISTANCELONG=(abs(close - low) / pipsize) +5
IF STRATEGYLONG AND Not OnMarket THEN
   BUY 1 CONTRACT AT MARKET
   SET STOP PLOSS (abs(close - low) / pipsize) + 5 //DISTANCELONG
   SET TARGET PPROFIT PositionPrice + DISTANCELONG
ENDIF
IF LongOnMarket AND (close - TradePrice) >= (70 * pipsize) THEN
   StopLoss = TradePrice
ENDIF
IF LongOnMarket AND StopLoss THEN
   SELL AT StopLoss STOP
ENDIF

IF Not OnMarket THEN

StopLoss = 0

ENDIF

DISTANCELONG=(abs(close - low) / pipsize) +5

IF STRATEGYLONG AND Not OnMarket THEN

BUY 1 CONTRACT AT MARKET

SET STOP PLOSS (abs(close - low) / pipsize) + 5 //DISTANCELONG

SET TARGET PPROFIT PositionPrice + DISTANCELONG

ENDIF

IF LongOnMarket AND (close - TradePrice) >= (70 * pipsize) THEN

StopLoss = TradePrice

ENDIF

IF LongOnMarket AND StopLoss THEN

SELL AT StopLoss STOP

ENDIF

Beware that line 8 will only be executed next bar, since ProOrder takes a bar to know it’s On Market. Also, PPROFIT doesn’t want a price, but the number of PIPS!

robertogozzi

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