Stoploss with different currencies ie. SEK

Recordatio · 2020-09-30T20:32:10+00:00

Hi, I tried to search for this answer in the forum but with no luck. Is it possible to set an amount of money in the stop loss function with other currencies than € and $? I found in the documentation that it should be written like this: SET STOP $LOSS x I want to use the currency SEK (Sweden’s currency)? Thanks!

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09/30/2020 at 9:32 PM #146021 quote
Recordatio
Participant

Junior
Hi,

I tried to search for this answer in the forum but with no luck. Is it possible to set an amount of money in the stop loss function with other currencies than € and $?

I found in the documentation that it should be written like this:
```
SET STOP $LOSS x
```
I want to use the currency SEK (Sweden’s currency)?

Thanks!
10/01/2020 at 7:56 AM #146040 quote

Nicolas
Keymaster

Legend

The stoploss in money is always calculated according to the current instrument currency and not with your own account currency.

We can’t get other instrument to get the exchange rate (with EURSEK for instance), so the sole possibility is to use a fixed rate set in a variable to automatically convert the SEK into EUR.

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10/01/2020 at 12:14 PM #146079 quote

Recordatio
Participant

Junior

Thanks Nicolas for the clarification.

I’m trying to backtest the Swedish OMXS30 index and it uses SEK as their currency.

I tried writing the following code “SET STOP LOSS 1000″ and was hoping it would set the stoploss to 1000 SEK, but I get much bigger losses than that when looking in the Detailed report -> Closed positions list.

10/01/2020 at 1:52 PM #146085 quote
robertogozzi
Moderator

Legend
Use
```
SET STOP $LOSS 1000
```
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Stoploss with different currencies ie. SEK

ProOrder: Automated Strategies & Backtesting

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This topic contains 3 replies,
has 3 voices, and was last updated by robertogozzi
6 years ago.

Topic Details

Forum:	ProOrder: Automated Strategies & Backtesting
Language:	English
Started:	09/30/2020
Status:	Active
Attachments:	No files