Brian Lillard:
If for example stoploss is set at 200 points it shows a value of 1.79?
If that stoploss is set for 200 points then that value of 2.00?
Should it be coded differently so it makes the correct level?
If a stoploss of 213 points equaled 2.00 then that is fine..
- A SL is a price. It is never "set at 200 points." It can only show 1.79 if the buy order open price - spread - 200 * _Point happens to be 1.79.
- No, a SL is a price.
- Obviously given your previous questions.
- Babel.
How to manage JPY pairs with parameters? - MQL4 and MetaTrader 4 - MQL4 programming forum
Slippage defined in index points - Currency Pairs - Expert Advisors and Automated Trading - MQL5 programming forum You buy at the Ask and sell at the Bid. (Your stops have 20 PIP minus spread for buys and 20 PIP plus spread for sells.)
- Your buy order's TP/SL are triggered when the Bid reaches it. Not the Ask.
-
Your sell order's TP/SL will be triggered when the Ask reaches it. To trigger at
a specific Bid price, add the average spread.
MODE_SPREAD (Paul) - MQL4 and MetaTrader 4 - MQL4 programming forum - Page 3 - The charts show Bid prices only. Turn on the Ask line to see how big the spread is (Tools -> Options {control-O} -> charts -> Show ask line.)
How can a points in percent(pips) of 20 be 200?
Just trade on the base pair of deposit currency.
Thank you for this detailed analysis as always.
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I am trying to figure out how to make takeprofit and stoploss values accurate..
If for example stoploss is set at 200 points it shows a value of 1.79?
If that stoploss is set for 200 points then that value of 2.00?
Should it be coded differently so it makes the correct level?
If a stoploss of 213 points equaled 2.00 then that is fine..
There's no simple way to figure it?