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
StopLoss amount and its Base Currency conversion
StopLoss amount and its Base Currency conversion
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Henry MultiСharts
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Re: StopLoss amount and its Base Currency conversion
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.
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.
Re: StopLoss amount and its Base Currency conversion
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!
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!
Re: StopLoss amount and its Base Currency conversion
Hello Henry,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.
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
- Posts: 9165
- Joined: 25 Aug 2011
- Has thanked: 1264 times
- Been thanked: 2957 times
Re: StopLoss amount and its Base Currency conversion
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.
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.