SL or TP Auto Adjustment

• 02/11/2019 at 3:53 PM #91077
  PEDRAM.JOKAR

  Hi

  is there any feature in PRT to define price levels to change and adjust SL or TP automatically when in market? Should it be coded in auto-trading? How?

  

  PEDRAM.JOKAR

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  02/11/2019 at 4:16 PM #91079
  robertogozzi

  You can:

  • use HIGHEST and LOWEST to find multiple common price level within a time range (number of previous candles)
  • use math to round numbers to detect how close you are to figures of your interest (say 1.0100, 1.0200, 1.0300,…)
  • use this indicator (or embed it in your strategy) https://www.prorealcode.com/prorealtime-indicators/sweet-spots-numbers/

   

  

  robertogozzi

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  02/11/2019 at 5:56 PM #91089
  PEDRAM.JOKAR

  I am sorry if i may not conveyed my question properly. Actually, I want an automated way to adjust Stop Loss level based on changing price. for example, if price reached certain level then put stop loss at a new defined level.

  

  PEDRAM.JOKAR

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  02/11/2019 at 6:09 PM #91090
  robertogozzi

  You can add Nicolas’code to your strategy https://www.prorealcode.com/blog/trading/complete-trailing-stop-code-function/.

   

  

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  02/17/2019 at 6:27 AM #91556
  PEDRAM.JOKAR

  let’s say we are entered Long on market at price 0.1111 and put Stop Loss at 0.1100 manually. I wish to adjust SL to the price 0.1110 when price reached to 0.1121 automatically.

  could below code be applied by auto trading for my purpose?

  defparam CUMULATEORDERS=false V1= 0.1121 //price// V2= 1 //PIPS// c1=low crosses over v1 if longonmarket and c1 then SET STOP PLOSS v2 endif

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  defparam CUMULATEORDERS=false   V1= 0.1121   //price// V2= 1 //PIPS// c1=low crosses over v1   if longonmarket and c1 then SET STOP PLOSS v2 endif

   

  

  PEDRAM.JOKAR

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  02/17/2019 at 8:25 AM #91561
  robertogozzi

  ProOrder cannot deal with manually opened trades.

  ProOrder will stop a strategy if a trade that has been  opened automatically is later modified/closed manually.

  

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  02/18/2019 at 7:16 AM #91596
  PEDRAM.JOKAR

  so, no other method than pro order to fulfill my purpose?

  

  PEDRAM.JOKAR

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  02/18/2019 at 8:29 AM #91600
  robertogozzi

  It can’t be done.

  

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  02/18/2019 at 11:04 AM #91616
  Nicolas

  You can add an automatic trailing stop to a manual order:

   

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  Nicolas

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