Need support on this code with breakeven level

• 04/24/2018 at 6:16 AM #69040
  rama

  Set stop loss 25

  set target profit 200
  IF NOT ONMARKET THEN
  breakevenLevel=0
  ENDIF

  // — BUY SIDE —
  //test if the price have moved favourably of “startBreakeven” points already
  IF longonmarket AND close-tradeprice>=12*pipsize THEN
  //calculate the breakevenLevel
  breakevenLevel = tradeprice+2*pipsize
  ENDIF

  IF longonmarket AND close-tradeprice>=20*pipsize THEN
  //calculate the breakevenLevel
  breakevenLevel = tradeprice+10*pipsize
  ENDIF

   

  ******************************************************

  The above code is working exactly the way I wanted the problem when I am in profit >= stop loss moves to 10

  when the floating profit falls <=20 then stop loss moves to 2. I want to keep the stop loss at 10 once my floating profit was 20 then fallen below 20

   

  

  rama

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  04/24/2018 at 10:40 AM #69062
  JC_Bywan

  Please avoid double posts, thanks, the other copy of this post inserted in another thread has been deleted to keep the potential answers from other users in only one thread (this one) and not split across separate multiple threads. Thanks for your understanding.

  

  JC_Bywan

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  04/24/2018 at 10:57 AM #69066
  robertogozzi

  To write code, please use the <> “insert PRT code” button, to make code easier to read.

  You should post the whole strategy to test it and try to spot any issue.

  At first glance I warn you that

  Set stop loss 25

  1	Set stop loss 25

  will never be executed (at least on forex pairs), you should either write:

  Set stop loss 0.0025 //in Forex pairs, not Dax or oher indeces, it must be a difference in price // or Set stop Ploss 25 //this is 25 pips

  1 2 3

  Set stop loss 0.0025  //in Forex pairs, not Dax or oher indeces, it must be a difference in price //    or Set stop Ploss 25     //this is 25 pips

   

   

  

  robertogozzi

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  04/24/2018 at 1:39 PM #69088
  raphaelopilski

  try this

  // --- BUY SIDE --- //test if the price have moved favourably of "startBreakeven" points already IF LONGONMARKET AND close-tradeprice(1)>=startBreakeven*pipsize THEN //calculate the breakevenLevel breakevenLevel = tradeprice(1)+PointsToKeep*pipsize ENDIF //place the new stop orders on market at breakevenLevel IF breakevenLevel>0 THEN SELL AT breakevenLevel STOP ENDIF IF SHORTONMARKET AND tradeprice(1)-close>startBreakeven*pipsize THEN //calculate the breakevenLevel breakevenLevel = tradeprice(1)-PointsToKeep*pipsize ENDIF //place the new stop orders on market at breakevenLevel IF breakevenLevel>0 THEN EXITSHORT AT breakevenLevel STOP ENDIF // --- end of BUY SIDE ---

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  // --- BUY SIDE --- //test if the price have moved favourably of "startBreakeven" points already IF LONGONMARKET AND close-tradeprice(1)>=startBreakeven*pipsize THEN //calculate the breakevenLevel breakevenLevel = tradeprice(1)+PointsToKeep*pipsize ENDIF   //place the new stop orders on market at breakevenLevel IF breakevenLevel>0 THEN SELL AT breakevenLevel STOP ENDIF IF SHORTONMARKET AND tradeprice(1)-close>startBreakeven*pipsize THEN //calculate the breakevenLevel breakevenLevel = tradeprice(1)-PointsToKeep*pipsize ENDIF //place the new stop orders on market at breakevenLevel IF breakevenLevel>0 THEN EXITSHORT AT breakevenLevel STOP ENDIF // --- end of BUY SIDE ---

   

  

  raphaelopilski

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  04/24/2018 at 2:28 PM #69090
  raphaelopilski

  sorry, mistake. I meant this one:

  startBreakeven = 5 //how much pips/points in gain to activate the breakeven function? PointsToKeep = 3 //how much pips/points to keep in profit above of below our entry price when the breakeven is activated (beware of spread) //reset the breakevenLevel when no trade are on market IF NOT ONMARKET THEN breakevenLevel=0 ENDIF // --- BUY SIDE --- //test if the price have moved favourably of "startBreakeven" points already IF LONGONMARKET AND close-tradeprice(1)>=startBreakeven*pipsize THEN //calculate the breakevenLevel breakevenLevel = tradeprice(1)+PointsToKeep*pipsize ENDIF //place the new stop orders on market at breakevenLevel IF breakevenLevel>0 THEN SELL AT breakevenLevel STOP ENDIF IF SHORTONMARKET AND tradeprice(1)-close>startBreakeven*pipsize THEN //calculate the breakevenLevel breakevenLevel = tradeprice(1)-PointsToKeep*pipsize ENDIF //place the new stop orders on market at breakevenLevel IF breakevenLevel>0 THEN EXITSHORT AT breakevenLevel STOP ENDIF // --- end of BUY SIDE ---

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28

  startBreakeven = 5 //how much pips/points in gain to activate the breakeven function? PointsToKeep = 3 //how much pips/points to keep in profit above of below our entry price when the breakeven is activated (beware of spread)   //reset the breakevenLevel when no trade are on market IF NOT ONMARKET THEN breakevenLevel=0 ENDIF   // --- BUY SIDE --- //test if the price have moved favourably of "startBreakeven" points already IF LONGONMARKET AND close-tradeprice(1)>=startBreakeven*pipsize THEN //calculate the breakevenLevel breakevenLevel = tradeprice(1)+PointsToKeep*pipsize ENDIF   //place the new stop orders on market at breakevenLevel IF breakevenLevel>0 THEN SELL AT breakevenLevel STOP ENDIF IF SHORTONMARKET AND tradeprice(1)-close>startBreakeven*pipsize THEN //calculate the breakevenLevel breakevenLevel = tradeprice(1)-PointsToKeep*pipsize ENDIF //place the new stop orders on market at breakevenLevel IF breakevenLevel>0 THEN EXITSHORT AT breakevenLevel STOP ENDIF // --- end of BUY SIDE ---

   

  

  raphaelopilski

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  04/25/2018 at 1:23 AM #69109
  rama

  This code works only one stop loss

  not for variable stop loss

   

   

  

  rama

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