Quick SL and TP Q

Viewing 5 posts - 1 through 5 (of 5 total)
  • Author
    Posts
  • 10/23/2017 at 7:47 AM #50273 quote
    Joachim Nilsson
    Participant
    Average

    Hey guys, I have a quick question about SL and TP. Is it possible to have one SL/TP for the long side and one for the short side in the same code? 🙂

    Like this:

    // Stops and targets

SLL = 50 
TPL = 50 
if longonmarket then
SET STOP pLOSS SLL
sET TARGET pPROFIT TPL
ENDIF


SLS = 40
TPS = 40 
if SHORTonmarket then
SET STOP pLOSS SLS
sET TARGET pPROFIT TPS
ENDIF
    10/23/2017 at 9:16 AM #50280 quote
    Despair
    Blocked
    Master

    It is possible but you can not use the SET command. Look here:

    SLL = 50 
TPL = 50 
if longonmarket then
  sell at TPL limit
  sell at SLL stop
ENDIF
 
 
SLS = 40
TPS = 40 
if SHORTonmarket then
  exitshort at TPS limit
  exitshort at SLS stop
ENDIF
    10/23/2017 at 3:02 PM #50331 quote
    Joachim Nilsson
    Participant
    Average

    Thanks!

    10/26/2017 at 2:59 PM #50615 quote
    Nicolas
    Keymaster
    Master

    @Despair

    Thanks for answering the Joachim’s question but I do not understand your code. The code Joachim shared in his post should work fine to me.

    In your code:

    SLL = 50 
TPL = 50 
if longonmarket then
  sell at TPL limit
  sell at SLL stop
ENDIF

    the long orders will close at 50, which will never be possible if the current instrument quote at 13000 for instance. I think Joachim would like to set its takeprofit and stoploss in points, not in price.

    10/26/2017 at 3:42 PM #50626 quote
    Despair
    Blocked
    Master

    You are correct Nicolas. I forgot to add the trade price. The think Joachim wanted to achieve is that he has different TP and SL for short and long.

    SLL = 50*pipsize
TPL = 50*pipsize
if longonmarket then
  sell at TPL+tradeprice(1) limit
  sell at tradeprice(1)-SLL stop
ENDIF
 
 
SLS = 40*pipsize
TPS = 40*pipsize 
if SHORTonmarket then
  exitshort at tradeprice(1)-TPS limit
  exitshort at tradeprice(1)+SLS stop
ENDIF
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Quick SL and TP Q


ProOrder: Automated Strategies & Backtesting

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Author
author-avatar
Joachim Nilsson @joachim_nilsson Participant
Summary

This topic contains 4 replies,
has 3 voices, and was last updated by Despair
8 years, 4 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 10/23/2017
Status: Active
Attachments: No files
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