Stop losses expressed as chart levels instead of pips?

Created at 12 Feb 2021, 14:38
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wefald

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Joined 01.11.2018

Stop losses expressed as chart levels instead of pips?
12 Feb 2021, 14:38

Hi.

In all the examples I've seen regarding PlaceStopOrder, ExecuteMarketOrder and similar methods, the stop loss always seems to be expressed in the form of a number of pips, presumably measuring a distance from the entry price.

Is it possible to instead express the stop loss in these methods as fixed chart prices? For example "I want this position to close if the bid price exceeds 1.20".

@wefald
Replies

PanagiotisCharalampous
12 Feb 2021, 15:09

Hi wefald,

You can use ModifyStopLossPrice and ModifyTakeProfitPrice to set absolute prices for SL and TP.

Best Regards,

Panagiotis 

Join us on Telegram

 

@PanagiotisCharalampous

wefald
12 Feb 2021, 15:19 ( Updated at: 12 Feb 2021, 15:28 )

RE:

PanagiotisCharalampous said:

Hi wefald,

You can use ModifyStopLossPrice and ModifyTakeProfitPrice to set absolute prices for SL and TP.

Best Regards,

Panagiotis 

Join us on Telegram

 

Thanks for the quick reply. (:

@wefald
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