Pointsize? problem when setting SL

• 01/31/2019 at 4:00 PM #90153
  PastaPesto

  Hello!

  Im testing a code to set my SL just below “swing low” when going long. This code seems to work the way I want to on DAX, but when testing it in Forex I just cant get it to work properly. I tried to use “pointsize” but I just cant get it to work the way it does in DAX. The problem is that it just closes the order directly with SL or TP. With *pointsize it goes a bit longer but not even close to where it should.

  Below a simple code just to show in a simple way the way it works.

  Test SL from Low

  //Test SL from low Defparam cumulateorders = false N=10 TPP=1.5//risk/reward extra=15//pips below Low for SL C1 = ExponentialAverage[3](close) C2 = ExponentialAverage[20](close) IF c1 crosses over c2 THEN Low1=LOWEST[5](low)//lowest point of the 5 recent candle SL= (close-LOW1)+extra//Lowest + 15 extra pips under TP= SL*TPP//Risk/reward BUY N/SL SHARES at MARKET Set target pprofit TP SET STOP pLOSS SL ENDIF

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  //Test SL from low Defparam cumulateorders = false N=10 TPP=1.5//risk/reward extra=15//pips below Low for SL   C1 = ExponentialAverage[3](close) C2 = ExponentialAverage[20](close)   IF c1 crosses over c2 THEN Low1=LOWEST[5](low)//lowest point of the 5 recent candle SL= (close-LOW1)+extra//Lowest + 15 extra pips under TP= SL*TPP//Risk/reward BUY N/SL SHARES at MARKET Set target pprofit TP SET STOP pLOSS SL ENDIF

   

  

  PastaPesto

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  Topics: 13

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  01/31/2019 at 4:05 PM #90154
  robertogozzi

  Try

  SL= (close-LOW1)*pipsize+extra//Lowest + 15 extra pips under

  1	SL= (close-LOW1)*pipsize+extra//Lowest + 15 extra pips under

   

  

  robertogozzi

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  01/31/2019 at 7:44 PM #90194
  PastaPesto

  Thanks Roberto for your reply,

  I still dont get it to work. example pic from GBPUSD where it doesnt work and another from DAX where it looks ok. On Dax it only works without Pipsize and on GBPUSD it doesnt work with or without. Do I need to add pipsize anywhere else?

  

  PastaPesto

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  01/31/2019 at 10:58 PM #90216
  robertogozzi

  If you add 15 to GbpUsd you’ll reach around 16.3 which will NEVER be true.

  You’ll have to convert also the other value to pips:

  extra=15 * pipsize //pips below Low for SL

  1	extra=15 * pipsize //pips below Low for SL

  I forgot to write it in my previous answer, sorry.

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  PastaPesto

  

  robertogozzi

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  02/04/2019 at 11:25 AM #90396
  PastaPesto

  Ok, everything is working now. I actually had to divide with pipsize at pairs where the the number was lower than 1 (ex 0.002) .  I also had to do it at the “extra” as you mentioned Roberto.

  Thank you Roberto, Grazie Mille!

   

   

  SL= (close-LOW1)/Pipsize+extra//Lowest + 15 extra pips under

  1	SL= (close-LOW1)/Pipsize+extra//Lowest + 15 extra pips under

   

   

   

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  Paul

  

  PastaPesto

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  02/04/2019 at 12:31 PM #90405
  robertogozzi

  Sorry, it was DIVIDE, you’re right!

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  Paul

  

  robertogozzi

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