Stop loss percentage formula - Help
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#1 by layfavin on 04 Feb 2020
Hi,I want to have a stoploss for my back trades if the price increases 20% take loss.
An example i place a back trade at 4.6 the price increases 20% to 5.8 12 ticks i want to exit trade, i would i do ?
layfavin
#2 by layfavin on 04 Feb 2020
Sorry how would i do the above?
layfavin
#3 by MarkV on 04 Feb 2020
Hi
Just use the distribute loss trigger action. You can choose either based on ticks or based on %.
You can also use the stop loss options in the settings.
and
here
are some example stop loss triggers.
MarkV
#4 by
Oxa (WellDoneSoft) on 05 Feb 2020
The simplest option is to do "distribute the loss" at 20% loss (use the corresponding trigger settings).
Oxa (WellDoneSoft)
#5 by layfavin on 05 Feb 2020
Thanks both am I correct in saying the attached will trigger stoploss if my back bet goes 6% in the red?
layfavin
#6 by MarkV on 05 Feb 2020
Hi
I tested it in Time Machine and it does just that.
I changed the back amount to £10, and if the trade went into the red by 6% it distributed £0.61 loss evenly across all selections.
MarkV
#7 by layfavin on 05 Feb 2020
Great thanks Mark. How can i get this trigger to repeat, i created a trigger request however its saying my quote is exceeded tho i cancelled other requests, could you help please?
layfavin
#8 by layfavin on 06 Feb 2020
sorted it now thanks
layfavin
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