Move stop to 75% of target

Slowlyslowly · 2019-07-23T08:09:20+00:00

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.

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07/23/2019 at 9:09 AM #103201 quote

Slowlyslowly
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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.

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

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