LOSS EQUAL WIN

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  • 08/13/2019 at 11:48 AM #104666 quote
    Slowlyslowly
    Participant
    Average

    Hello

     

    when you have a code with a variable target , ie based on a move to bollinger down , the potential target is obviously is not precisely know until the trade is entered is there a way you can make LOSS =TARGET at that point ?

     

    Many thanks for your assistance.

    08/13/2019 at 12:09 PM #104669 quote
    robertogozzi
    Moderator
    Master

    Topic moved to ProOrder support, being related to strategies.

    In case of both AT MARKET or PENDING orders, when your conditions are met you certainly know TP, so you can set it and set SL the same distance:

    IF YourLongConditions THEN
   BUY 1 CONTRACT AT MARKET
   Tp = BollingerUP[20] - close  //TP = (upper BB band - current price)
   Sl = Tp                       //SL = TP    (or TP * 0.5, or TP * 2 or whatever expression you want to use)
ENDIF
SET TARGET PROFIT Tp
SET STOP   LOSS   Sl
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LOSS EQUAL WIN


ProOrder: Automated Strategies & Backtesting

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Slowlyslowly @slowlyslowly Participant
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This topic contains 1 reply,
has 2 voices, and was last updated by robertogozzi
6 years, 6 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 08/13/2019
Status: Active
Attachments: No files
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