ModifyPosition Take Profit.

amusleh
06 Jun 2022, 08:14

Hi,

Try this:

using System;
using cAlgo.API;
using cAlgo.API.Internals;

namespace cAlgo.Robots
{
    [Robot(TimeZone = TimeZones.UTC, AccessRights = AccessRights.None)]
    public class ModifyStopLossTakeProfitExample : Robot
    {
        private String label = "ModTP";
        private bool variable = false;

        protected override void OnTick()
        {
            var position = Positions.Find(label, SymbolName, TradeType.Buy);

            if (position == null)
            {
                ExecuteMarketOrder(TradeType.Buy, SymbolName, Symbol.QuantityToVolumeInUnits(1), label, 2, 2, "Comment", false);
                variable = true;
            }

            if (variable == true)
            {
                double stopLoss, takeProfit;

                if (position.TradeType == TradeType.Buy)
                {
                    stopLoss = position.EntryPrice - (3 * Symbol.PipSize);
                    takeProfit = position.EntryPrice + (3 * Symbol.PipSize);
                }
                else
                {
                    stopLoss = position.EntryPrice + (3 * Symbol.PipSize);
                    takeProfit = position.EntryPrice - (3 * Symbol.PipSize);
                }

                ModifyPosition(position, stopLoss, takeProfit);
            }
        }
    }
}

If your position is closed immediately after modification then it means the amount of stop loss or take profit you set was very small.

dave_gryp
11 Jun 2022, 19:01

RE:

amusleh said:

Hi,

Try this:

using System;
using cAlgo.API;
using cAlgo.API.Internals;

namespace cAlgo.Robots
{
    [Robot(TimeZone = TimeZones.UTC, AccessRights = AccessRights.None)]
    public class ModifyStopLossTakeProfitExample : Robot
    {
        private String label = "ModTP";
        private bool variable = false;

        protected override void OnTick()
        {
            var position = Positions.Find(label, SymbolName, TradeType.Buy);

            if (position == null)
            {
                ExecuteMarketOrder(TradeType.Buy, SymbolName, Symbol.QuantityToVolumeInUnits(1), label, 2, 2, "Comment", false);
                variable = true;
            }

            if (variable == true)
            {
                double stopLoss, takeProfit;

                if (position.TradeType == TradeType.Buy)
                {
                    stopLoss = position.EntryPrice - (3 * Symbol.PipSize);
                    takeProfit = position.EntryPrice + (3 * Symbol.PipSize);
                }
                else
                {
                    stopLoss = position.EntryPrice + (3 * Symbol.PipSize);
                    takeProfit = position.EntryPrice - (3 * Symbol.PipSize);
                }

                ModifyPosition(position, stopLoss, takeProfit);
            }
        }
    }
}

If your position is closed immediately after modification then it means the amount of stop loss or take profit you set was very small.

Many Thanks Amusleh. That worked! I am getting used to the modify position now. The new problem that I have is I am getting this error:

08/04/2019 02:36:00.000 | → Modifying position PID2 (SL: null, TP: 1.12196) FAILED with error "TechnicalError", Position PID2

I have 2 positions open a buy and a sell. The position that has the error has been previously modified. I would just like to know if there is some more in depth reference material that I can use to trouble shoot this.

This is the Modify code that is causing my error:

                spread = Symbol.Ask - Symbol.Bid;
                halfSpread = (spread / 2);

                if (Positions.Find(Short).Pips < 0)
                {
                    shortPriceLine = Symbol.Ask - (Math.Abs(Positions.Find(Short).Pips) * pipsFactor /*0.0001*/);
                    double longShortDistance = shortPriceLine - Positions.Find(Long).EntryPrice;
                    double centralPriceLine = (longShortDistance / 2) + Positions.Find(Long).EntryPrice;

                    Positions.Find(Short).ModifyTakeProfitPrice(centralPriceLine + halfSpread);
                    Positions.Find(Long).ModifyStopLossPrice(centralPriceLine - halfSpread);

Many Thanks again.

amusleh
14 Jun 2022, 09:18

Hi,

Most probably your stop loss or take profit price levels that you pass to modify method is not correct, use Print to check the value that you pass to the method, see if those price levels are correct stop loss and take profit levels for your position or not.