how to construct different level of stop loss in the Visual Jforex program.. please guide
To set stop loss at a position/order opening, use "Open at Market" or "Pending Open" blocks.
1. "Open at Market" block:
Use this block if you want to open a position at a current market price.
Depending on "Pips or Price" setting, you can specify your stop loss in either pips (distance from your position entry level) or price (price level of you stop loss).
2. "Pending Open":
Use this block if you want to set a conditional (pending) order at desired price.
Depending on "Pips or Price" setting, you can specify your stop loss in either pips (distance from your order entry level) or price (price level of you stop loss).
To set and manage stop losses on existing positions/orders, you can also use "Set Stop Loss", "TrailingStop" or "Custom TrailingStop" blocks.
3. "Set Stop Loss" block
Use this block if you want to set a stop loss on an existing position/order.
"Position" variable is assigned an output value of "Open at Market" or "Pending Open" blocks.
Depending on "Pips or Price" setting, you can specify your stop loss in either pips (distance from your position/order entry level) or price (price level of you stop loss).
"Side" setting allows you to specify an offer side that will be used for triggering your stop loss.
4. "TrailingStop" block.
Use this block if you want to set a stop loss on an existing position with an automated trailing step of minimum 10 pips.
"Position" variable is assigned an output value of "Open at Market" or "Pending Open" blocks.
Depending on "Pips or Price" setting, you can specify your stop loss in either pips (distance from your position entry level) or price (price level of you stop loss).
Specify "Trailing Step" in pips.
5. "Custom TrailingStop" block.
Use this block if you want to a set stop loss on an existing position with an automated trailing step that can be less 10 pips.
"Position" variable is assigned an output value of "Open at Market" or "Pending Open" blocks.
Specify "Trailing Step" in pips.
Specify "Stop Loss" in pips (distance from your position entry level).
thanks I will follow ur guide.
Open trading account