Move stop to 75% of target

• 07/23/2019 at 9:09 AM #103201
  Slowlyslowly

  Hi

   

  Fairly new here but struggling in the manual to find code instructions to do the following :

  Once 95% of target achieved move stop to 75% of target .

   

  Any help appreciated.

  

  Slowlyslowly

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  07/23/2019 at 10:07 AM #103210
  robertogozzi

  There are no specific instructions, it’s a just a percentage applied to CLOSE (current price) compared to TRADEPRICE (entry price).

  You cannot set a SL to profit using SET STOP LOSS, but you have to use a pending order the other side (SELL if you are Long, EXITSHORT if you are Short). Examples for both (not tested):

  Long

  TargetProfit = ???? //you set it in pips IF (close - tradeprice) >= (TargetProfit * 0.95 * pipsize) THEN SELL AT Tradeprice + (TargetProfit * 0.75 * pipsize) STOP ENDIF

  1 2 3 4

  TargetProfit = ????         //you set it in pips IF (close - tradeprice) >= (TargetProfit * 0.95 * pipsize) THEN    SELL AT Tradeprice + (TargetProfit * 0.75 * pipsize) STOP ENDIF

  Short

  TargetProfit = ???? //you set it in pips IF (tradeprice - close) >= (TargetProfit * 0.95 * pipsize) THEN EXITSHORT AT Tradeprice - (TargetProfit * 0.75 * pipsize) STOP ENDIF

  1 2 3 4

  TargetProfit = ????         //you set it in pips IF (tradeprice - close) >= (TargetProfit * 0.95 * pipsize) THEN    EXITSHORT AT Tradeprice - (TargetProfit * 0.75 * pipsize) STOP ENDIF

   

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  robertogozzi

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