Move Stop Loss to BE

GunnerNic · 2016-05-24T18:57:51+00:00

Hi all, I have a problem trying to bring my stop loss to break after price has moved in my favour, can anyone help? The following coding is not doing anything: // Stops and targets SET STOP PLOSS 180 IF LONGONMARKET AND close-tradeprice(1) >= 270 THEN SET STOP LOSS (tradeprice(1) + 20) ENDIF Thank you in advance! Steve

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05/24/2016 at 7:57 PM #7923 quote
GunnerNic
Participant

New
Hi all,

I have a problem trying to bring my stop loss to break after price has moved in my favour, can anyone help?

The following coding is not doing anything:
```
// Stops and targets
SET STOP PLOSS 180

IF LONGONMARKET AND close-tradeprice(1) >= 270 THEN
SET STOP LOSS (tradeprice(1) + 20)
ENDIF
```
Thank you in advance!

Steve
05/24/2016 at 9:49 PM #7937 quote

davidp13
Participant

Average

Here you go Nick – http://www.prorealcode.com/topic/breakeven-or-sl-to-entry-code/

Nicolas thanked this post

05/24/2016 at 10:23 PM #7939 quote

GunnerNic
Participant

New

Thanx Dave!

05/25/2016 at 9:57 AM #7957 quote
Adolfo
Participant

Senior
Hey, did you fixed it yet? Here is a posible solution:
```
// Stops and targets
SET STOP PLOSS 180

// Market Spread
Spread = 1*Pipsize

IF NOT ONMARKET THEN
stoploss = 0
ENDIF

IF LONGONMARKET AND close-tradeprice(1) >= 270 THEN
// SET STOP LOSS (tradeprice(1) + 20)
stoploss = TradePrice(1)+spread
ENDIF

SELL AT stoploss STOP
```
Have a nice day and better trading!

Nicolas thanked this post
05/25/2016 at 10:15 AM #7964 quote

Nicolas
Keymaster

Legend

Hey guys,

Please also keep in mind that “+20” needs to be converted to the pip size of the instrument if needed.

Adolfo thanked this post
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