Pages:
Actions
  • #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 ?
  • #2 by layfavin on 04 Feb 2020
  • Sorry how would i do the above?
  • #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.  
  • #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).
  • #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?
  • #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. 
  • #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?
  • #8 by layfavin on 06 Feb 2020
  • sorted it now thanks
Pages:
Actions