Move to Breakeven... | Forex Factory

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Move to Breakeven...

  • #1
  • First Post: Feb 20, 2008 7:06am Feb 20, 2008 7:06am
Here is my bit of code for moving the stoploss to breakeven after a certain profit. Is there anything wrong with it?

Inserted Code
            //MoveOnce
            if(MoveStopOnce && MoveStopWhenPrice > 0) {
               if(Bid - OrderOpenPrice() == Point * MoveStopWhenPrice) {
                  OrderModify(OrderTicket(),OrderOpenPrice(), Bid - Point * MoveStopTo, OrderTakeProfit(), 0, Red);
                     if (!EachTickMode) BarCount = Bars;
                     continue;
                  }
               }
  • #2
  • Feb 20, 2008 8:36am Feb 20, 2008 8:36am
Hi,

Don't you have to use two sections for Long and Short entries?

Of course, you can also use for setting BE (I am not sure how accurate the OrderProfit() is). Just something to consider.

PHP Code
if(MoveStopOnce && MoveStopWhenPrice > 0 &&  OrderProfit() >= MoveStopWhenPrice) 
OrderModify(OrderTicket(),OrderOpenPrice(), OrderOpenPrice(), OrderTakeProfit(), 0, Red);
  • #3
  • Last Post: Feb 20, 2008 10:44pm Feb 20, 2008 10:44pm
This particular system I'm working on only deals with longs for now. Shorts require a completely different entry scheme.

A more accurate title for this thread would probably be "MoveStopOnce" but I think I understand how the code works, it looks pretty similar to your example.

Thanks for the help.
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