ploss or loss

• 08/28/2022 at 9:01 PM #199764
  Marco

  can anyone explain what is the different between “set stop ploss 100” and “set stop loss 100”?

  many thanks

  

  Marco

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  08/28/2022 at 10:13 PM #199767
  robertogozzi

  pLOSS requires an amount in pips, while LOSS requires a difference between prices, such as CLOSE-LOW or a constant such as 100*pipsize.

  With most indices with a 1:1 pip-to-price ratio  it may not make any difference, but with most fx pairs SET STOP pLOSS 100 means 100 pips away from entry price, while SET STOP LOSS 100   means 100 US$ away from the entry price in case it’s Eur/Usd!

   

  

  robertogozzi

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  08/28/2022 at 11:34 PM #199770
  Marco

  very clear, Thank you for the explanation.

  

  Marco

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