Take Profit placement

• 08/11/2020 at 7:00 PM #141428
  Nibor9001

  Hello Trader!

  I have a little code problem.
  It’s about the placement of a stop loss and take profit.

  In detail I want to place the Stop Loss e.g. on the level of a moving Averages or e.g. on the low of the last x periods. The take profit order, on the other hand, should be placed in relation to the stop loss.
  Classically, for example, the take profit should be 2 times the stop loss to achieve a ratio of 1:2 for each trade.

  Placing the stop loss is not a problem for me, but I am not able to program the take profit accordingly.

  I am grateful for any help 😀

  

  Nibor9001

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  08/11/2020 at 8:58 PM #141434
  robertogozzi

  Once you have yuor stop loss saved in a variable, say SL, it’s just a multiplication:

  Set Target pProfit SL * 2 //when SL retains pips Set Target Profit SL * 2 //when SL retains a price difference

  1 2	Set Target pProfit SL * 2 //when SL retains pips Set Target  Profit SL * 2 //when SL retains a price difference

   

  

  robertogozzi

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