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MQL4 Stoploss

Feb 10, 2016 at 12:59
564 Angesehen
4 Replies
Mitglied seit Dec 28, 2015   8 Posts
Feb 10, 2016 at 12:59
Hello everyone. I've coded this piece here:

for(int i=0;i<OrdersTotal();i++)
      bool select = OrderSelect(i,SELECT_BY_POS,MODE_TRADES); //Iteration through every trade
      if(OrderMagicNumber()==1 && OrderSymbol()==Symbol()) //if Trade==BUY
         if(Close[1]>OrderStopLoss()+atr && Close[1]>OrderOpenPrice()+atr) //is the price already greater than the opening price+ATR, and than the stoploss+ATR?
            bool order = OrderModify(OrderTicket(),OrderOpenPrice(),NormalizeDouble(OrderStopLoss()+atr-0.0005,5),0,0,clrAquamarine);

But the stoploss keeps moving on every tick. I know it is due to the '-0.0005', but I would like to have that added 'margin'. How could I manage it to stop from moving on every tick, without having to remove this -0.0005 margin?

thank you very much in advance.
Mitglied seit Nov 21, 2011   1718 Posts
Feb 10, 2016 at 13:46
If you wanna place SL when you open orders, then you simply need to adjust SL at this moment using OpenOrder function.

If you wanna place SL at a particular event then you have to add the following condition... Does my SL is null, if so, apply your code else nothing.

So it should do it only once.
Mitglied seit Dec 21, 2010   131 Posts
Feb 10, 2016 at 15:46
I think, hi wanted to realize Trailing Stop at distance (ATR-0.0005)
Mitglied seit Mar 02, 2010   97 Posts
Feb 13, 2016 at 09:56
you should separate your conditions from ordermodify command!
Mitglied seit Apr 20, 2010   814 Posts
Feb 14, 2016 at 07:47
You need add the StopLoss Condition.

double stoplossBuy;
if(stoplossBuy < Bid- Close[1]- atr ) stoplossBuy = Bid- - Close[1]- atr ;

// This ensure your stopLossBuy will only move up
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