Create stoploss on the fly

algotrader · 2016-08-06T14:52:21+00:00

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.

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08/06/2016 at 3:52 PM #11300 quote

algotrader
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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.

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

rajasmasala
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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…

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

Jakes
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New

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
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