Problem with minstop

• 09/15/2021 at 8:53 AM #177595
  SkynetBotsPRT

  A bot is disconnected because It tries to send an order to place stop below the Minimum stop required by the broker.

  A Solution?

  

  SkynetBotsPRT

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  09/15/2021 at 9:00 AM #177596
  Nicolas

  Find what is the minimum stop distance allowed by the broker for that particular instrument and adapt your code or use the stop adjustement function available when you launch a ProOrder code (checkbox). See below attached picture, sorry in French.

  

  Nicolas

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  09/15/2021 at 9:32 AM #177603
  SkynetBotsPRT

  Thanks Nicolás.

  

  SkynetBotsPRT

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  09/15/2021 at 11:03 AM #177616
  SkynetBotsPRT

  And how to include on the Code?

  

  SkynetBotsPRT

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  09/15/2021 at 10:51 PM #177680
  JS

  Once MinStopDist = 10

  If StopDist < MinStopDist then

  StopDist = MinStopDist

  EndIf

  Set Stop Loss StopDist

  

  JS

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  09/16/2021 at 8:26 AM #177690
  robertogozzi

  JS wrote:

  Once MinStopDist = 10

  If StopDist < MinStopDist then
  StopDist = MinStopDist
  EndIf
  Set Stop Loss StopDist

  It can also be written this way:

  Once MinStopDist = 10 StopDist = max(MinStopDist,StopDist) Set Stop Loss StopDist

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  Once MinStopDist = 10 StopDist = max(MinStopDist,StopDist) Set Stop Loss StopDist

  

  robertogozzi

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  09/16/2021 at 11:33 AM #177712
  JS

  Yes, there are many different ways to code it…

  

  JS

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  09/16/2021 at 1:53 PM #177721
  Nicolas

  Ask Terminator if you dont know 😆

  1 user thanked author for this post.

  JS

  

  Nicolas

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  09/16/2021 at 5:10 PM #177739
  GraHal

  SkynetBotsPRT wrote:

  below the Minimum stop required by the broker.

  I’m sure your SL’s are > 10 anyway, so what is probably happening is that your code is trying to place a SL during periods of high volatility? This is when IG increases min stop distances to 30, 50, 100 or even many 100’s at times … daft though it sounds.

  To guarantee never to be rejected then we would need to use a value for SL that is > the maximum value IG has ever set the minimum  distance.  So being rejected at times is something we have to live with.

  I have ticked the ‘Guaranteed Stop’ AND ‘Readjust Stop’ boxes when starting my Algos and they still get rejected!

  

  GraHal

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  09/26/2021 at 7:15 PM #178487
  SkynetBotsPRT

  This is the problem

  if longonmarket AND c2 and c6 and close<positionprice then sell at market endif If shortonmarket and c1 and c5 and close>positionprice then exitshort at market endif I need what this instruction close the operation, but only if price save the minstoploss of broker

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  if longonmarket AND  c2 and c6 and close<positionprice then sell at market endif If shortonmarket and c1 and c5 and close>positionprice then exitshort at market endif   I need what this instruction close the operation, but only if price save the minstoploss of broker

   

  

  SkynetBotsPRT

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  09/26/2021 at 7:23 PM #178489
  robertogozzi

  I can’t understand what you mean by

  “I need what this instruction close the operation, but only if price save the minstoploss of broker”.

  Can you explain better?

   

  

  robertogozzi

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  09/26/2021 at 8:02 PM #178493
  SkynetBotsPRT

  The bot launches an order to close the operation, but when the price is below the minimum stop required by the broker, the bot is deactivated.

  That is the code to close the operation, I need the instruction to save the minimum stop required by the broker.

  

  SkynetBotsPRT

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  09/26/2021 at 8:31 PM #178497
  SkynetBotsPRT

  The bot has its own stop loss.

  These orders are separate from that stop loss.

  If the operation goes wrong, the operation can be closed with those orders, but the price has to be saving the minimum stop required by the broker, depending on the index it can be 5 pips, 8 pips, 10 pips …

  

  SkynetBotsPRT

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  09/27/2021 at 12:04 PM #178552
  robertogozzi

  To exit using a pending order you have to:

  • set a DISTANCE to be taken into account when placing a pending order
  • choose among STOP, LIMIT and AT MARKET orders according to the position of the current price compared to the exit price (stop loss in this case).

  There you go:

  ONCE Distance = 6 * PipSize //Distance required by the broker (pips) // // StopLoss must have been defined elsewhere in your code (and cleared when not OnMarket) // IF StopLoss > 0 THEN IF LongOnMarket THEN //LONG trades IF (close + Distance) > StopLoss THEN SELL AT StopLoss STOP //exit at a worse price than the current one ELSIF (close - Distance) < StopLoss THEN SELL AT StopLoss LIMIT //exit at a better price than the current one ELSE SELL AT Market //exit at market if not within the DISTANCE (you may comment out his line not to exit at market, thus waiting for the next bar to close) ENDIF ELSIF ShortOnmarket THEN //SHORT trades IF (close + Distance) < StopLoss THEN EXITSHORT AT StopLoss STOP //exit at a worse price than the current one ELSIF (close - Distance) > StopLoss THEN EXITSHORT AT StopLoss LIMIT //exit at a better price than the current one ELSE EXITSHORT AT Market //exit at market if not within the DISTANCE (you may comment out his line not to exit at market, thus waiting for the next bar to close) ENDIF ENDIF ENDIF

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  ONCE Distance = 6 * PipSize    //Distance required by the broker (pips) // // StopLoss must have been defined elsewhere in your code (and cleared when not OnMarket) // IF StopLoss > 0 THEN    IF LongOnMarket THEN                        //LONG  trades       IF (close + Distance) > StopLoss THEN          SELL AT StopLoss STOP                      //exit at a worse price than the current one       ELSIF (close - Distance) < StopLoss THEN          SELL AT StopLoss LIMIT                     //exit at a better price than the current one       ELSE          SELL AT Market                             //exit at market if not within the DISTANCE (you may comment out his line not to exit at market, thus waiting for the next bar to close)       ENDIF    ELSIF ShortOnmarket THEN                    //SHORT trades       IF (close + Distance) < StopLoss THEN          EXITSHORT AT StopLoss STOP                 //exit at a worse price than the current one       ELSIF (close - Distance) > StopLoss THEN          EXITSHORT AT StopLoss LIMIT                //exit at a better price than the current one       ELSE          EXITSHORT AT Market                        //exit at market if not within the DISTANCE (you may comment out his line not to exit at market, thus waiting for the next bar to close)       ENDIF    ENDIF ENDIF

   

  

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