Limit the loss

• 10/23/2022 at 6:20 PM #202947
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  I need to limit the loss on each trade to €500.

   

  

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  10/23/2022 at 6:41 PM #202950
  GraHal

  Set Stop Loss 500

  

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  10/23/2022 at 6:55 PM #202953
  PeterSt

  Or actually

  Set Stop $Loss 500

  (the $ is for money instead of points and such)

   

  

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  10/23/2022 at 7:37 PM #202957
  GraHal

  Sets a stop loss x units from position entry price.
  Example: SET STOP LOSS x

  If I recall correctly. ‘units’ is the currency of one’s Account (but my interpretation could be wrong?).

  

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  10/23/2022 at 7:46 PM #202958
  PeterSt

  🙂

  Depends on the instrument ?

  

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  10/23/2022 at 8:20 PM #202964
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  Anda limit loss to 10% of the strategy profit?

   

  

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  10/24/2022 at 3:25 AM #202965
  PeterSt

  Set Stop %Loss 10

  But notice that this is not related to the Strategy profit as such, but to the profit of the current trade.
  The Strategy profit (StrategyProfit) would refer to the profit of the current “session” of the Strategy, which would comprise of all the trades performed so far. If you need the 10% of that, then you need to calculate/maintain that yourself (in the code).

   

  

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