ploss or loss

Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
    Posts
  • #199764 quote
    Marco
    Participant
    New

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

    many thanks

    #199767 quote
    robertogozzi
    Moderator
    Master

    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!

    #199770 quote
    Marco
    Participant
    New

    very clear, Thank you for the explanation.

Viewing 3 posts - 1 through 3 (of 3 total)
  • You must be logged in to reply to this topic.

ploss or loss


ProOrder: Automated Strategies & Backtesting

New Reply
Author
author-avatar
Marco @wingyip Participant
Summary

This topic contains 2 replies,
has 2 voices, and was last updated by Marco
3 years, 5 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 08/28/2022
Status: Active
Attachments: No files
Logo Logo
Loading...