The PRICE statement is used in both SET STOP and SET TARGET, to set respectively the stoploss or takeprofit at a defined price level.
Case of stoploss at price X:
Allows you to place a stop at a price X defined directly by the user and not in relation to the entry price of the position.
syntax:
1 |
Set Stop Price X |
Where X is the price level of the stoploss.
Case of takeprofit at price X:
Allows you to set a profit limit at a price X defined directly by the user and not in relation to the entry price of the position.
syntax:
1 |
Set Target Price X |
Where X is the price level of the takeprofit.