EURUSD Mini / Maximum Shares
- This topic has 10 replies, 3 voices, and was last updated 1 year ago by
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Why if I put in the code BUY 5 contract it’s steel working
Above on Demo Account right?
If you do above on Live Account with only 1000 in Account then you will get Rejected due to “insufficient Funds”
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in case of two different STOP orders, the last one, sequentially, will always override the previous one. In your case only SET STOP pTRAILING 60 will be executed, but… as it’s incorrectly written, you won’t have any kind of STOP LOSS. It’s quite unlikely that EURUSD may reach +-60.xxxx, because you didn’t use the PIPSIZE conversion.
Use
1SET STOP pTRAILING 60 * PipSize2 users thanked author for this post.
I don’t know what C1 and C2 retain, but it seems correct if the profit is > 60 pips, that’s where the trailing stop starts from, otherwise your stop loss will be disabled and in case of a sudden reversion, your trade will heve NO stop loss.
If you write SET STOP pTRAILING 60 * pipsize after only 30 pips gained, your SL will be disabled, but your trailing stop will only start after another 30 pips are gained. In the meantime you’ll have NO stop loss.
I suggest that you keep your SL and use a code snippet, among the many on the forum, to add a custom trailing stop to your code.
As to the last question, your are right; adding 60 to 1,07015 will make it 61,07015, while adding 60*PipSize to 1,07015, will make it 1,07615 as PIPSIZE will convert 60 into 0.0060. But PIPSIZE is not ALWAYS 1/10000th of the price, it’s 1 with indices, 1/1000th with other fax pirs, etc…
It’s a convenient way to deal with conversions without having to care about what divisor or multiplier has to be used, thus making your code portable to other instruments and assets.
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You are right, my fault, the leading “p” in pTRAILING assumes you are using pips without having to convert that number.
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I tested it to know exactly the behaviour of SET STOP pTRAILING 60, (I never used it actually).
It sets a starting Stop Loss at -60 pips, then it raises that stop as the profits grow (the high and low are used, not close, as far as I could understand).
If the price never exceeds TRADEPRICE (the entry price), then the 60-pip SL will be hit; if the price rises above the entry price, instead, it raises the SL pip by pip (probably the count is done when the candle closes, but considering the high and low prices), until the SL is hit (be it in profit or loss).
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