Limit the loss

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10/23/2022 at 6:20 PM #202947 quote

Link
Participant

Senior

I need to limit the loss on each trade to €500.

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

GraHal
Participant

Master

Set Stop Loss 500

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

PeterSt
Participant

Master

Or actually

Set Stop $Loss 500

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

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

GraHal
Participant

Master

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?).

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

PeterSt
Participant

Master

🙂 Depends on the instrument ?

10/23/2022 at 8:20 PM #202964 quote

Link
Participant

Senior

Anda limit loss to 10% of the strategy profit?

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

PeterSt
Participant

Master

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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Limit the loss

ProOrder: Automated Strategies & Backtesting

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Link @tony-manero Participant

Summary

This topic contains 6 replies,
has 3 voices, and was last updated by PeterSt
3 years, 3 months ago.

Topic Details

Forum:	ProOrder: Automated Strategies & Backtesting
Language:	English
Started:	10/23/2022
Status:	Active
Attachments:	No files

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