Set Stop Loss and POSITIONPRICE not working ?

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Viewing 15 posts - 1 through 15 (of 15 total)
  • 04/16/2023 at 1:05 PM #213349
    ZeroCafeine

    hi

    I do this small code, Do you know pls why my stop loss is executed when the price is not even reached and why a partial exit and not total?

    that is the code :

    you can see on the photo :
    Long-1 = 142,978
    Long-2 = 142,914
    So PositionPrice is = (142,978 + 142,914) / 2 = 142,946 Round by PRT to 142,947
    PositionPrice = 142,947
    SL = PositionPrice – 20 pips = 142,947 – 0,20 = 142,747
    SL = 142,747
    Exit 1 Shares = 142,778
    you can see the SL is not reached but I have an exit at 142,778 ? and they sell only 1 shares, why not 2 shares (Totaly exit)

    tks in advance for all your light 😃

    04/16/2023 at 4:18 PM #213359
    JS

    Hi ZeroCafeine,

    The Stop Loss is added to each individual order…

    Long Order 1: 142,978

    Stop Loss: 142.978 – 0.20 = 142.778

    Exit first long at: 142,778

    Long order2: 142,914

    Stop Loss: 142,914 – 0,20 = 142,714

    Exit second order at: 142,714

    1 user thanked author for this post.
    avatar ZeroCafeine
    04/16/2023 at 7:11 PM #213370
    ZeroCafeine

    ok ok understand, so it’s better to get the tradeprice (or positionprice) and to create a Sell Stop Order at the price of TradePrice – SL*pipsize ? or somethink like that ?

    or they have other solution ?

    04/16/2023 at 9:08 PM #213373
    JS

    Hi,

    I think this is best used:

    Sell at PositionPrice-20*pipsize STOP

    2 users thanked author for this post.
    avatar Nicolas, avatar ZeroCafeine
    04/17/2023 at 9:10 AM #213392
    Nicolas

    or use the new instruction:

    SET STOP PRICE PositionPrice-20*pipsize

    2 users thanked author for this post.
    avatar KumoNoJuzza, avatar ZeroCafeine
    04/17/2023 at 11:08 AM #213397
    ZeroCafeine

    Tks for you too, I will do some test and post here the result,

    how to if I want to control the quantity of selling in your case with this code ?, exemple I want to sell at stop the half quantity or 10 or 90% ?

    04/17/2023 at 12:00 PM #213398
    ZeroCafeine

    ok tks you, So I tested you 2 solution and it’s working fine,

    the @JS solution, I am executed as a Sell (Normal sell at Stop Price), small triangle on the graph, I was able to control the quantity like this :

    the @Nicolas solution, I am executed as an Stop Loss, small cross on the graph, How can the quantity be controlled in this case?

    Both solutions I suppose @Nicolas’ solution is safer as it will take me out of the market anyway? Or am I wrong?

    As for JS’s solution, is it possible that for X reason I won’t be executed and I’ll end up with open lines again at the next candle? Or am I wrong?

    04/17/2023 at 12:11 PM #213399
    Nicolas

    In any case, I would prefer using SET STOP PRICE as it should act as a “real” stoploss regarding the IG server (such as the classic SET STOP LOSS).

    It is not possible to close partially with any of these instructions, you need a MARKET order to do that.

    1 user thanked author for this post.
    avatar ZeroCafeine
    04/17/2023 at 1:06 PM #213402
    ZeroCafeine

    ok tks you, so with SET STOP PRICE it’s better andI I will be executed at the market but normally I will also have priority over the other pending limit orders in the broker’s order list ?

    Is it better to sell a limit order below the market price at the moment T and that way at least I will be executed quickly at the market below the current price but not at any price (as the lowest of the wick 😅 ), I don’t know if I am clear enough in my explanation?

    and also it is not possible to select the quantity in the case of SET STOP PRICE right ?

    04/18/2023 at 3:04 PM #213443
    ZeroCafeine

    it’s great the programming, I think to a question and I find the answer by myself but at the same time I find myself with a new question 🤣

    Why do I have buys and sells in the same candle?

    I understand that in order to avoid this problem you have to create a stop loss order only when the buy condition is true like the following example:

    on the other hand when the Stop is out of the IF condition as in the example above, you can see on the picture that I have a problem only in the point B and C but not on A :

    tks you

    1 user thanked author for this post.
    avatar Nicolas
    04/20/2023 at 3:51 PM #213555
    ZeroCafeine

    Start going crazy with this candle by candle programming 😂,

    I notice now that if my StopLoss order is executed candle by candle then I have a better execution for my exit, if I understand correctly the program will not consider the close of the current candle to execute my stop loss but it will check the price on smaller time units,

    Whereas if my stop loss is only executed when the buy condition is true, in this case I notice that the StopLoss sale is only executed in the next candle when the Close of the previous candle is lower than my StopLoss price

    So far I don’t have a problem understanding it, but I hope I’m not talking nonsense,

    But what still bothers me is why I had an entry and an exit on the same candle?

    04/20/2023 at 4:54 PM #213559
    GraHal
    ZeroCafeine wrote:

    entry and an exit on the same candle?

    Entry Conditions = True and Exit Conditions = True … both in the same candle?

    Very likely to occur with a Stop at 10 pips only?

    04/20/2023 at 7:30 PM #213562
    ZeroCafeine

    what is the true Exit condition that you see pls ?,

     

    Maybe you have a different eyes then me ?

     

    Also the 10pips it’s just for the exemple, you can see in the photo just below inside the circle the both of entry and exit price are the same

     

    I stopped from my bicycle for answer you 🤣🤣🤣, tks again for your answer 😊

    04/20/2023 at 7:43 PM #213564
    GraHal
    ZeroCafeine wrote:

    Also the 10pips it’s just for the exemple

    So what code are we discussing then

    The screenshot with the circle shows entry and exit at the same price of 37120 … is that what we are discussing?  If Yes, what code was driving that trade entry and exit?

    Good bike, lovely evening, nice tree-lined avenue! 🙂

    1 user thanked author for this post.
    avatar ZeroCafeine
    04/20/2023 at 8:40 PM #213565
    JC_Bywan

    Hi,

    if you use positionprice in the “set stop price” instruction sent at same time the buy order is sent, with no other ongoing long (as this code cumulates order) then your positionprice doesn’t exist yet (graph it you’ll see it at 0, and 0-10=-10), it will only exist after the buy is executed at open of next candle.

    You can try this modification in the way you set the stop in your code:

    if longonmarket then
    SET STOP PRICE PositionPrice-10*pipsize
    else
    set stop price close-10*pipsize
    endif

    Also, you didn’t ask (and this is not related to the entry-exit in same candle query), but are you sure you want to send a pending order “at close limit”? Assuming this is for IG, if using pending order rather than at market order, you’d have to take into account minimum distance between price and pending order level for given asset…

     

     

    2 users thanked author for this post.
    avatar ZeroCafeine, avatar GraHal
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