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ploss or loss

Marco · 2022-08-28T20:01:51+00:00

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

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ProOrder: Automated Strategies & Backtesting
ploss or loss

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08/28/2022 at 9:01 PM #199764 quote

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

many thanks

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

robertogozzi
Moderator

Legend

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!

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

Marco
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New

very clear, Thank you for the explanation.
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ploss or loss

ProOrder: Automated Strategies & Backtesting

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Marco @wingyip Participant

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This topic contains 2 replies,
has 2 voices, and was last updated by Marco
4 years, 1 month ago.

Topic Details

Forum:	ProOrder: Automated Strategies & Backtesting
Language:	English
Started:	08/28/2022
Status:	Active
Attachments:	No files

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ploss or loss

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ploss or loss ProOrder: Automated Strategies & Backtesting

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ploss or loss

ProOrder: Automated Strategies & Backtesting