SL or TP Auto Adjustment

PEDRAM.JOKAR · 2019-02-11T14:53:18+00:00

Hi is there any feature in PRT to define price levels to change and adjust SL or TP automatically when in market? Should it be coded in auto-trading? How?

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02/11/2019 at 3:53 PM #91077 quote

PEDRAM.JOKAR
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Hi

is there any feature in PRT to define price levels to change and adjust SL or TP automatically when in market? Should it be coded in auto-trading? How?

02/11/2019 at 4:16 PM #91079 quote
robertogozzi
Moderator

Legend
You can:
- use HIGHEST and LOWEST to find multiple common price level within a time range (number of previous candles)
- use math to round numbers to detect how close you are to figures of your interest (say 1.0100, 1.0200, 1.0300,…)
- use this indicator (or embed it in your strategy) https://www.prorealcode.com/prorealtime-indicators/sweet-spots-numbers/
02/11/2019 at 5:56 PM #91089 quote

PEDRAM.JOKAR
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I am sorry if i may not conveyed my question properly. Actually, I want an automated way to adjust Stop Loss level based on changing price. for example, if price reached certain level then put stop loss at a new defined level.

02/11/2019 at 6:09 PM #91090 quote

robertogozzi
Moderator

Legend

You can add Nicolas’code to your strategy https://www.prorealcode.com/blog/trading/complete-trailing-stop-code-function/.

02/17/2019 at 6:27 AM #91556 quote
PEDRAM.JOKAR
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let’s say we are entered Long on market at price 0.1111 and put Stop Loss at 0.1100 manually. I wish to adjust SL to the price 0.1110 when price reached to 0.1121 automatically.

could below code be applied by auto trading for my purpose?
```
defparam CUMULATEORDERS=false

V1= 0.1121   //price//
V2= 1 //PIPS//
c1=low crosses over v1

if longonmarket and c1 then
SET STOP PLOSS v2
endif
```
02/17/2019 at 8:25 AM #91561 quote

robertogozzi
Moderator

Legend

ProOrder cannot deal with manually opened trades.

ProOrder will stop a strategy if a trade that has been opened automatically is later modified/closed manually.

02/18/2019 at 7:16 AM #91596 quote

PEDRAM.JOKAR
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so, no other method than pro order to fulfill my purpose?

02/18/2019 at 8:29 AM #91600 quote

robertogozzi
Moderator

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It can’t be done.

02/18/2019 at 11:04 AM #91616 quote

Nicolas
Keymaster

Legend

You can add an automatic trailing stop to a manual order:

[youtube]https://youtu.be/jmKZYsy3MQw?t=134[/youtube]

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