Stop Loss Profit Target Do they affect all positions?

• 12/19/2016 at 12:00 AM #18756
  fesxeurex

  Hello Guys,

  Not sure about this Stop Loss and profit Target

  If i do this every time i add onto my long or short am i changing the Stop Loss and Profit Target for all the open positions or does below code changes it for only this additional buy/sell order.
  SET Stop %LOSS 2 %Trailing 1
  SET Target %PROFIT 3

  Eg Order A. if Im Long 4@50 SL@40
  Then if i do this later on some other day
  Order B. BUY 2 AT 60 LIMIT
  SET STOP LOSS 10

  In this case im thinking
  Order A Long 4@50 SL@40
  Order B Long 2@60 SL@50

  Am i right or wrong please can someone shed some exp advice onto this.

  Many Thanks
  Cheers

  

  fesxeurex

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  12/19/2016 at 8:50 AM #18760
  Nicolas

  It depends of the broker’s server mainly.
  If you launch this code with IG, each order will have individual stoploss and takeprofit. While it will not in paper trading with Prorealtime trading where take profit and stoploss will be set for the whole orders basket at their average price plus or minus the SL and TP values you have set in your code.
  Hope it’s clear 🙂

  

  Nicolas

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  12/19/2016 at 8:57 AM #18764
  fesxeurex

  Thanks Nicolas,

  You mentioned Paper trading so if i Demo test on  IG account will SL works the same with each having there independent SL and TP

  Can you let me know where can i find these differences im learning from prorealtime instructions but if there are differences in how IG handles them then ill have to take that into consideration

  Many Thanks

  

  fesxeurex

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  12/20/2016 at 2:32 PM #18867
  GraHal

  Hi Fes

  You said …

  In this case im thinking Order A – Buy 4@50 Set SL@40, Order B – Buy 2@60 set SL @50 (10 points below Buy Price)

  That’s how I would see it also.

  Cheers
  GraHal

   

  

  GraHal

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  12/20/2016 at 4:34 PM #18882
  fesxeurex

  average trailing stop was good so that i can close all at one go if its gone rouge

  now ive to close it one by one each one or find something else

  

  fesxeurex

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