Stop Loss to trigger new trade

joeyp101 · Tue, 30 Nov 2021 10:48:12 +0000

Hello, Forgive me, still very much learning. If a trade closes because of a stop loss, I want to open a new trade in the opposite direction immediately. 1sec timeframe, I have my script set to 1 trade per trading window, unless that trade went to stop loss, then 1 more trade is allowed in the opposite direction. What am I doing wrong? //check profit if strategyprofit<>strategyprofit[1] then if close < tradeprice AND count =1 then SELL 1.5 PERPOINT AT MARKET count = count + 1 SET STOP LOSS 6 elsif close>tradeprice AND count=1 then BUY 1.5 PERPOINT AT MARKET count = count + 1 SET STOP LOSS 6 endif endif Many thanks

This topic has 15 replies, 3 voices, and was last updated 2 years ago by JS.

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12/01/2021 at 9:30 PM #182650

JS

I hope you realize that proBackTest can differ from live trading due to various causes that have been discussed on the forum before.

When you perform a proBackTest, especially in this short time frame, you should always do so in “tick by tick mode” otherwise there may be confusion about the order (sequence) of the orders to be carried out in the same bar.

JS
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