Create stoploss on the fly

• 08/06/2016 at 3:52 PM #11300
  algotrader

  Hello Traders

  Need a little help with coding.

  I want to “lock a profit”
  My idea is to insert a trailing stop-loss if the position gained a profit of 100 in value

  Is there a way to do so?

  Thanks for your help.
  A.

  

  algotrader

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  08/06/2016 at 5:55 PM #11309
  rajasmasala

  Hi algotrader,

  I’m new to prorealtime but I hope this snippet does the trick. I hope I understood your request:

  PositionProfit = PositionPerf(0) * TradePrice //Depends on whether the “100” is in the units of the instrument purchased…

  If PositionProfit >= 100 Then

  Set Stop %Trailing 1

  End if

  Cheers, hope I’m correct…

  

  rajasmasala

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  08/09/2016 at 5:51 PM #11414
  Jakes

  Hi there. I discovered this ProOrder AutoTrading only yesterday and is motivated to do it as well. I write to you as I am also from SA and just need to know if this system is successful, and what kind of return one can expect. If you have any advice for me, please be so kind to drop me a mail: conradieko@gmail.com

  It will be appreciated.

  Regards

  Jakes

  

  Jakes

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