Hi,

Help needed. How to stop strategy in case where defined price or pips quantity has been reached? The problem is, because when Take Profit was defined - posiotion has been closed an in the same time the next one is oppeded on the same price level

Hi,

Depending on your strategy structure, you need to use the P&L in pips or in USD in an IF block and once the target is reached you stop the strategy using "Stop Strategy" block.

Cheers

Hi again,
I did it, but Stop Strategy doesn't work. Where is my mistake? I will appreciate your solution/help as appendix. Regards

Hi

Your strategy do not make sense at all...

Lets see...
- tick received
-if you do not have orders (open/pending) with a total of 1 million continue to next block...
-open a pending buy with 0.001 millions at 1.095...(till now with this code it will open 1000 pending orders one at each received tick if price do not reach this price value, or/and filled orders till 1m in orders amount is reached)
- next you check at order fill if last trade event has 15 pips profit - that means last order filled (you are trying to open pending order that will be filled later and not executed on this block or the order will be filled right at the block)
- if you have on last trade event a profit on the trade referenced by the event greater than 15 pips, stop the strategy... usualy last trade filled (if no other event occurs between ticks) it will unlikely to have 15 pips in profit (not impossible at news but hard).

Sorry for my english if not clear...
Regards
JL

Hi,
Thanks for your advices
Yes, you are right, next orders will be open after previous opened order is closed. Now, for higher safe I need to close strategy when defined by me in PIPs or price level will be reached. Show, how and where attach StopStrategy Block.
Thanks a lot

Hi

With only that blocks and taking in consideration that blocks can open many orders, the only way i see it's to close all orders at predefined price level and stop the strategy.
Bellow example where all orders get closed and strategy stoped if price gets greater than 1.0970.

Regards

JL

You are great! Thank you very much. It finaly works

Hi,
I appreciate your suggestions about many orders, that can be opened in my strategy, but I still didn't find solution.
Look at this strategy; testing it on Visual JForex strategy works properly, it's mean that one, and only one order is opened when predefined open price is met. The next one will be opened only when first opened position is closed in Stop Loss point. If price doesn't met SL, then order stay opened until end of defined period or Stop Strategy point.
The same strategy opened on DEMO opens tens or hundreds position.
Can you repair my strategy. I need only that strategy will be working the same way on DEMO and LIVE account, like on Visual JForex. Thanks in advance

Hi:

You have the answer and the changes needed to your strategy on other question you have done. You can change the first if value (1 to 0.001 or use the default variable "defaultTradeAmount" that is asked at every start of strategy and set it to any value you want and the strategy only opens 1 trade at time (don't forget to change the order command block to this variable too if using variable).

Regards

JL

Hi,
I've just tested strategy implementing your suggestions before and... IT WORKS properly on DEMO acc. Now I can test it on Live acc.
Thank you very much; we should drink coffee together

FYI
Strategy self stop is prohibited on Strategy Contest.