Is it feasible to take profit and stop loss in points? | Forex Factory

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Is it feasible to take profit and stop loss in points?

  • #1
  • First Post: Jul 14, 2022 5:12am Jul 14, 2022 5:12am
I encountered a problem. When using pips to take profit in automatic trading, different currency pairs need to set different pips. Even for the same currency pair, different time periods have different fluctuations and different pips. So I just Thinking about whether it is feasible to use points to take profit?
  • #2
  • Jul 14, 2022 5:19am Jul 14, 2022 5:19am
test on a demo account, everything needs to be checked
  • #3
  • Jul 14, 2022 10:44am Jul 14, 2022 10:44am
Quoting LearnThink
I encountered a problem. When using pips to take profit in automatic trading, different currency pairs need to set different pips. Even for the same currency pair, different time periods have different fluctuations and different pips. So I just Thinking about whether it is feasible to use points to take profit?
If you EA is coded that way, yes. Many ea's and utilities use percentages for various reasons.
THESE PEOPLE WITH COLORED BADGES ARE NOT PROFESSIONAL TRADERS
  • #4
  • Last Post: Jul 14, 2022 7:48pm Jul 14, 2022 7:48pm
Quoting LearnThink
I encountered a problem. When using pips to take profit in automatic trading, different currency pairs need to set different pips. Even for the same currency pair, different time periods have different fluctuations and different pips. So I just Thinking about whether it is feasible to use points to take profit?
Isn't it the same thing? 10 points is equal to 1 pips. So instead of using pips, you use points, is just using a multiple of 10.
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