Move SL to BE after TP hit

• 08/14/2025 at 11:05 AM #249739
  tom.clark

  I am trying to write a strategy that moves the SL to BE once an initial TP is hit. Crucially the SL is defined by the low (assuming long trade) of the candle close prior to entry. I have tried adopting Robert’s code from the PRT article on this subject –

  https://www.prorealcode.com/blog/learning/breakeven-code-automated-trading-strategy/

  But encounter difficulties as I can’t easily define the variables at the beginning of the code as they are not constant. Typically my attempts have resulted in the first trade of the day running smoothly but second not adhering to the desired structure as I presume the reset criteria is not functioning as intended.

  Any help/thoughts on the matter would be greatly appreciated!

  Thanks

  Tom

  

  tom.clark

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  08/14/2025 at 5:13 PM #249770
  robertogozzi

  There you go:

  IF Not OnMarket THEN SL = 300 TP2 = SL * 3 TP1 = SL / 2 //Set SL to BREAKEVEN when this forst tsarget is hit ENDIF Sma100 = average[100,0](close) IF Not OnMarket AND close CROSSES OVER Sma100 THEN BUY 1 CONTRACT AT MARKET SET STOP pLOSS SL SET TARGET pPROFIT TP2 ENDIF IF Not OnMarket AND close CROSSES UNDER Sma100 THEN SELLSHORT 1 CONTRACT AT MARKET SET STOP pLOSS SL SET TARGET pPROFIT TP2 ENDIF IF LongOnMarket THEN IF (close - TradePrice) >= TP1*PipSize THEN SET STOP BreakEven ENDIF ELSIF ShortOnMarket THEN IF (TradePrice - close) >= TP1*PipSize THEN SET STOP BreakEven NDIF ENDIF //graphonprice TradePrice

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  IF Not OnMarket THEN    SL  = 300    TP2 = SL * 3    TP1 = SL / 2   //Set SL to BREAKEVEN when this forst tsarget is hit ENDIF Sma100 = average[100,0](close) IF Not OnMarket AND close CROSSES OVER  Sma100 THEN    BUY 1 CONTRACT AT MARKET    SET STOP   pLOSS   SL    SET TARGET pPROFIT TP2 ENDIF IF Not OnMarket AND close CROSSES UNDER Sma100 THEN    SELLSHORT 1 CONTRACT AT MARKET    SET STOP   pLOSS   SL    SET TARGET pPROFIT TP2 ENDIF IF LongOnMarket THEN    IF (close - TradePrice) >= TP1*PipSize THEN       SET STOP BreakEven    ENDIF ELSIF ShortOnMarket THEN    IF (TradePrice - close) >= TP1*PipSize THEN       SET STOP BreakEven    NDIF ENDIF //graphonprice TradePrice

   

  

  robertogozzi

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