Hide the StopLoss

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  • Author
    Posts
  • 09/08/2022 at 12:00 PM #200362 quote
    SnorreDK
    Participant
    Junior

    Is there a way to hide your stop loss. It feels like IG/brokers are fishing for our stoplosses.
    How often has the market turned right after the stoploss has been hit?

    I don’t want to use the command:

    SET STOP %LOSS sl

    Can you write by code

    if XXX then
sell at market
endif

if YYY then
exitshort at market
endif

    What do I replace XXX  and YYY with to get the same value as

    SET STOP %LOSS sl
    09/08/2022 at 1:32 PM #200367 quote
    snucke
    Participant
    Veteran

    if you are not swinging a real big d**k i would not worry about the broker is stop hunting you xD

    take a second and think about how many orders there are out there, if you could see them as lines on the chart, i promise you you could not see one single candle

    09/08/2022 at 1:54 PM #200368 quote
    JS
    Participant
    Senior
    Hi @SnorreDK
    I agree with Snucke but if you still want to hide the stoploss, you can possibly use (pending) STOP orders:

    If LongOnMarket and Close > longexit then

       Sell at longexit STOP

    EndIf

    if ShortOnMarket and Close < shortexit then

       ExitShort at shortexit STOP

    EndIf

    09/08/2022 at 2:46 PM #200369 quote
    robertogozzi
    Moderator
    Master
    Even your pending orders are kown by the broker, so a better solution would be to exit at market whenever you exit price is hit, be it either a TP or a SL.
    09/08/2022 at 3:35 PM #200372 quote
    JS
    Participant
    Senior

    Roberto is of course right about the market orders…

    (Pending Stop orders are as visible as Stop Loss orders)

    Nicolas thanked this post
    09/10/2022 at 5:16 PM #200495 quote
    PeterSt
    Participant
    Master
    Here’s the most perfect timing (not) – from yesterday. -Conspiracy me
    image_2022-09-10_181624254.png image_2022-09-10_181624254.png
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Hide the StopLoss


ProOrder: Automated Strategies & Backtesting

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Author
author-avatar
SnorreDK @snorredk Participant
Summary

This topic contains 5 replies,
has 5 voices, and was last updated by PeterSt
3 years, 5 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 09/08/2022
Status: Active
Attachments: 1 files
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