MQL4 Stoploss
Feb 10, 2016 at 12:59
859 Views
4 Replies
forex_trader_294488
Member Since 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);
if(!order){Alert(GetLastError());}
}
else
{
return;
}
}
}
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.
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);
if(!order){Alert(GetLastError());}
}
else
{
return;
}
}
}
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.
Member Since Nov 21, 2011
1601 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.
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.
forex_trader_25447
Member Since Dec 21, 2010
127 posts
Feb 10, 2016 at 15:46
I think, hi wanted to realize Trailing Stop at distance (ATR-0.0005)
Member Since Apr 20, 2010
808 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
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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