Take Profit and StopLoss in ticks

Created at 03 Oct 2018, 12:43
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alexander.n.fedorov's avatar

alexander.n.fedorov

Joined 02.01.2018

Take Profit and StopLoss in ticks
03 Oct 2018, 12:43


Then another question : how can I set Take Profit and StopLoss in ticks?


@alexander.n.fedorov
Replies

PanagiotisCharalampous
03 Oct 2018, 12:47

Hi Sasha,

You cannot. Ticks could have any price therefore you cannot calculate a price level based on ticks. If you want to exit the market based on some behavioral pattern of ticks e.g. 10 consecutive negative ticks, then you need to program it yourself.

Best Regards,

Panagiotis


@PanagiotisCharalampous

alexander.n.fedorov
03 Oct 2018, 12:48

How about a minimum allowed price change?

 


@alexander.n.fedorov

PanagiotisCharalampous
03 Oct 2018, 12:51

Can you give an example? In any case, when creating the order you must set the SL and TP in pips and when modifying, you must set the actual price levels. Therefore, you will need to calculate this information.


@PanagiotisCharalampous

alexander.n.fedorov
03 Oct 2018, 13:01 ( Updated at: 21 Dec 2023, 09:20 )


@alexander.n.fedorov

PanagiotisCharalampous
03 Oct 2018, 14:47

Hi Sasha,

The only inputs available at the moment are pips for order placement and price levels for position modifications. Any other scenario will require custom development from your side. For example, in the case of ticks, you should keep of track of the number of ticks and close the position when your stop loss is reached.

Best Regards,

Panagiotis


@PanagiotisCharalampous