Quick SL and TP Q

• 10/23/2017 at 7:47 AM #50273
  Joachim Nilsson

  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

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16

  // 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

   

   

  

  Joachim Nilsson

  Participant

  Topics: 4

  Replies: 62

  Been thanked: 18 times
  10/23/2017 at 9:16 AM #50280
  Despair

  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

  1 2 3 4 5 6 7 8 9 10 11 12 13 14

  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

   

  

  Despair

  Blocked

  Topics: 97

  Replies: 1034

  Been thanked: 217 times
  10/23/2017 at 3:02 PM #50331
  Joachim Nilsson

  Thanks!

  

  Joachim Nilsson

  Participant

  Topics: 4

  Replies: 62

  Been thanked: 18 times
  10/26/2017 at 2:59 PM #50615
  Nicolas

  @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

  1 2 3 4 5 6

  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.

  

  Nicolas

  Keymaster

  Topics: 81

  Replies: 20828

  Been thanked: 4742 times
  10/26/2017 at 3:42 PM #50626
  Despair

  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

  1 2 3 4 5 6 7 8 9 10 11 12 13 14

  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

   

  

  Despair

  Blocked

  Topics: 97

  Replies: 1034

  Been thanked: 217 times
• Author
  Posts