Hi all,

I am currently working an a Breakout strategy. It all seams to work fine but I am struggeling with the Stop loss and Take profit. I want the take profit to be set from my “HI” or “LO” in the breakout range instead of from the price that I get when the order is set.

The reason for this is that when there is a slippage, the order price will be different from the HI or LO. I still want to have the same profit target.

// --- settings
rangestart =  092500 //start of premarket schedule
rangeend = 093500 //end of premarket schedule
closeat = 115500 //time schedule to close all pending & atmarket orders
takeprofit = 5 //takeprofit in points
stoploss = 5 //stoploss in points
n = 1 //amount of lots/contracts/shares to open for each new order
// --- end of settings

ONCE LO = CLOSE*1000

if time>=closeat then
sell at market
exitshort at market
endif

if intradaybarindex=0 then
hi=0
lo=close*1000
endif

if time>=rangestart and time<rangeend then
hi=max(high,hi)
lo=min(low,lo)
trade = 0
ENDIF

IF trade = 0 and time>=rangeend THEN
if hi>0 then
BUY n SHARES at HI STOP
endif
if lo>0 then
SELLSHORT n SHARES at lo STOP
ENDIF
endif

if onmarket then
trade=1
endif

SET STOP pLOSS stoploss
SET TARGET pPROFIT takeprofit

Regards