Sell at market when X%-profit

SnorreDK · 2022-10-28T11:45:57+00:00

Is this possible within a candle. Dont wait untill candleclose if X% in profit and Bear1 then sell at market Endif This code is not what i need, though it waitns untill candleclose: if longonmarket and bear1 and (close > positionprice * 1.01) then SELL AT MARKET endif

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10/28/2022 at 12:45 PM #203146 quote
SnorreDK
Participant

Junior
Is this possible within a candle. Dont wait untill candleclose
```
if X% in profit and Bear1 then
sell at market
Endif
```
This code is not what i need, though it waitns untill candleclose:
```
if longonmarket and bear1 and (close > positionprice * 1.01) then
SELL AT MARKET
endif
```
10/28/2022 at 1:47 PM #203150 quote

JS
Participant

Master

If LongOnMarket and Bear1 and Close > PositionPrice * 1.01 then Sell at (PositionPrice * 1.01) Stop EndIf

10/28/2022 at 1:49 PM #203151 quote

SnorreDK
Participant

Junior

Thanks JS, but does this mean I have to wait for the candleclose?

10/28/2022 at 1:56 PM #203152 quote

JS
Participant

Master

No, you don’t have to wait because it’s a STOP order…

10/29/2022 at 4:10 PM #203194 quote
SnorreDK
Participant

Junior
If I do understand You correct then A=1 and A=2 would give the same result but it does not.
```
if A=1 then
posProfit = (((close - positionprice) * pointvalue) * countofposition) / pipsize
IF LONGONMARKET AND (posProfit > 0) and Bear1 THEN
SELL AT MARKET
ENDIF
endif
if A=2 then
IF LONGONMARKET AND Bear1 THEN
SELL at (positionprice*1) stop
ENDIF
endif
```
10/29/2022 at 4:39 PM #203195 quote

JS
Participant

Master

Hi @SnorreDK

You can’t compare them because a “Market” order always gives a different result than a “Stop” order…

If A=2 then

IF LONGONMARKET AND Bear1 and Close > (PostionPrice * 1.01) THEN

SELL at (PositionPrice * 1.01) stop

EndIf
EndIf
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