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Stop loss percentage formula - Help
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Topic: Stop loss percentage formula - Help (Read 2125 times)
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layfavin
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Posts: 185
Stop loss percentage formula - Help
«
on:
04 Feb 2020, 15:41 »
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 ?
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layfavin
All members
Posts: 185
Re: Stop loss percentage formula - Help
«
Reply #1 on:
04 Feb 2020, 15:42 »
Sorry how would i do the above?
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MarkV
Moderator
Posts: 3631
Re: Stop loss percentage formula - Help
«
Reply #2 on:
04 Feb 2020, 20:17 »
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.
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Oxa (WellDoneSoft)
Administrator
Posts: 8826
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Re: Stop loss percentage formula - Help
«
Reply #3 on:
05 Feb 2020, 10:06 »
The simplest option is to do "distribute the loss" at 20% loss (use the corresponding trigger settings).
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layfavin
All members
Posts: 185
Re: Stop loss percentage formula - Help
«
Reply #4 on:
05 Feb 2020, 19:04 »
Thanks both am I correct in saying the attached will trigger stoploss if my back bet goes 6% in the red?
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MarkV
Moderator
Posts: 3631
Re: Stop loss percentage formula - Help
«
Reply #5 on:
05 Feb 2020, 19:58 »
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.
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Please read the following
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with regards to the information you may request and obtain on our forum. This specifically concerns trigger files and various instructions as to how to implement a strategy.
layfavin
All members
Posts: 185
Re: Stop loss percentage formula - Help
«
Reply #6 on:
05 Feb 2020, 20:06 »
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?
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layfavin
All members
Posts: 185
Re: Stop loss percentage formula - Help
«
Reply #7 on:
06 Feb 2020, 15:52 »
sorted it now thanks
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Stop loss percentage formula - Help
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