StopLoss amount and its Base Currency conversion

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oppidum
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StopLoss amount and its Base Currency conversion

Postby oppidum » 20 Jan 2016

Hi,

In FX trading since using the Base Currency conversion will modify the SopLoss amount calculation depending on the evolution of the corresponding currency, is there a way to code a stopLoss as a fixed distance (entry price +/- x pips) and not as a money amount?

Let's say a stop loss was defined at 10/contracts after backtesting with no Base Currency conversion (it sounds more logical as it remain a fixed value). For a xxx/USD pair, the conversion to EUR would have make the stop Loss span from 11 to 15 between 2014 and 2016.

Thanks
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Henry MultiСharts
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Re: StopLoss amount and its Base Currency conversion

Postby Henry MultiСharts » 22 Jan 2016

Hello oppidum,

In MultiCharts 9.1 we have added special orders that accept tick offset instead of money value: SetStopLoss_pt, SetProfitTarget_pt, SetBreakEven_pt, SetPercentTrailing_pt, SetTrailingStop_pt.

oppidum
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Re: StopLoss amount and its Base Currency conversion

Postby oppidum » 22 Jan 2016

Hello Henry,

Freshly released?! just perfect!!

Thank you for your answer and those continual improvements. Hard to believe there is always elements to add/complete in such an already powerful trading platform!

TW
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Re: StopLoss amount and its Base Currency conversion

Postby TW » 15 May 2016

Hello oppidum,

In MultiCharts 9.1 we have added special orders that accept tick offset instead of money value: SetStopLoss_pt, SetProfitTarget_pt, SetBreakEven_pt, SetPercentTrailing_pt, SetTrailingStop_pt.
Hello Henry,

I don't really understand the new features of SetStopLoss_pt, SetProfitTarget_pt, SetBreakEven_pt, SetPercentTrailing_pt, SetTrailingStop_pt.

Could please explain how they work, and what difference between them and without "_pt"?
Thank you.

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Henry MultiСharts
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Re: StopLoss amount and its Base Currency conversion

Postby Henry MultiСharts » 16 May 2016

Hello TW,

Regular SetStopLoss accepts money value as the Amount parameter.
SetStopLoss_pt accepts tick offset.
For more information please see the help file in the PowerLanguage Editor window.


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