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Anyone know a clever way to generate a message when an order closes by SL

stevetrade (stevetrade)
Apr 12 2012 at 13:17
1408 posts
I'm in the process of writing a new EA that has a trailing stop and I'd like to generate a message when the stop loss is hit. However as the tick that would be used to generate a message would also close the position I'm not sure of the best way to do this or even if it's possible. If anyone has got any smart ideas then I'd love to hear them.
Best regards Steve

11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
compuforexpamm (compuforexpamm)
Apr 12 2012 at 15:19
265 posts
Steve,

You could store the trades in 2 arrays, one for 'previous tick' trades and one for current trades. This will tell you that your order has just closed.

You could then examine the closed trade and compare the closeprice with your stoploss. If the closeprice is equal to, or worse than your stoploss then it can be assumed that the trade was closed by your stoploss.

I reckon this method might not be totally infallible but I would say it should be 99% accurate.

Regards

Kenny

Wealth Creation Through Technology
stevetrade (stevetrade)
Apr 12 2012 at 15:30
1408 posts
Thanks Kenny that's spot on. Couldn't see the wood for the trees there.
Best regards Steve

11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
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