LOSS EQUAL WIN

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

  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.

  

  Slowlyslowly

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

  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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  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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  robertogozzi

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