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Take Profit placement

Nibor9001 · 2020-08-11T18:00:00+00:00

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 😀

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ProOrder: Automated Strategies & Backtesting
Take Profit placement

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08/11/2020 at 7:00 PM #141428 quote

Nibor9001
Participant

Junior

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 😀

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

Legend
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
```
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Take Profit placement

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This topic contains 1 reply,
has 2 voices, and was last updated by robertogozzi
6 years, 1 month ago.

Topic Details

Forum:	ProOrder: Automated Strategies & Backtesting
Language:	English
Started:	08/11/2020
Status:	Active
Attachments:	No files

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Take Profit placement

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Take Profit placement ProOrder: Automated Strategies & Backtesting

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Take Profit placement

ProOrder: Automated Strategies & Backtesting