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Immediate Stop Loss order

DC · 2020-10-26T14:42:19+00:00

I am trying to execute a stop loss and target profit on execution of a trade. The stop and target profit order only seem to appear on completion of the entry bar. I want to have the stop / target profit in place immediately that is executed on the entry bar if the level is hit in the same bar. Thanks

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ProOrder: Automated Strategies & Backtesting
Immediate Stop Loss order

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10/26/2020 at 3:42 PM #148525 quote

DC
Participant

New

I am trying to execute a stop loss and target profit on execution of a trade.

The stop and target profit order only seem to appear on completion of the entry bar.

I want to have the stop / target profit in place immediately that is executed on the entry bar if the level is hit in the same bar.

Thanks

10/26/2020 at 3:56 PM #148527 quote

robertogozzi
Moderator

Legend

SET TARGET [p]PROFIT and SET STOP [p]LOSS both exit as soon as they are hit, not when the bar closes.

Code snippets to replace trailing stop DO are executed when a bar closes, instead. You can only use MTF support and a very low TF to try to minimize the effect.

10/26/2020 at 3:59 PM #148528 quote

DC
Participant

New

Thanks so much Roberto!!
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Immediate Stop Loss order

ProOrder: Automated Strategies & Backtesting

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DC @dc Participant

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This topic contains 2 replies,
has 2 voices, and was last updated by DC
5 years, 11 months ago.

Topic Details

Forum:	ProOrder: Automated Strategies & Backtesting
Language:	English
Started:	10/26/2020
Status:	Active
Attachments:	No files

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Immediate Stop Loss order

Stuck on this ProBuilder code?

Immediate Stop Loss order ProOrder: Automated Strategies & Backtesting

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Immediate Stop Loss order

ProOrder: Automated Strategies & Backtesting