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Bollinger Band for Stop Loss
rgapinski
 Post subject: Bollinger Band for Stop Loss Post rating: 0   Post Posted: Fri 05 Oct, 2012, 08:07 

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Joined: Thu 26 Apr, 2012, 14:41
Posts: 7
I'd like to use the lower bollinger band (1 standard deviations) as a stop loss for a long position. I tried using the below snippets of code. However, It does not work even though I set bbands to double data type. What am I doing wrong / can I correct to remedy the situation?

lBBand1 = indicators.bbands(instrument, selectedPeriod, OfferSide.BID, AppliedPrice.HIGH, 12, 1,1, MaType.SMA,0)[2];
double  LstopLossPrice = lBBand1;
order = engine.submitOrder(getLabel(instrument), instrument, OrderCommand.BUY, 0.01,0,5,LstopLossPrice,SstopLossPrice);


The ERROR I get on the console is
Quote:
05:58:56 Order REJECTED: SELL EUR/USD, REASON: STOP LOSS Invalid price format - please use increments of 0.1 pip.; TAKE PROFIT Invalid price format - please use increments of 0.1 pip.


Cheers,

RG
 
API Support
 Post subject: Re: Bollinger Band for Stop Loss Post rating: 0   Post Posted: Fri 05 Oct, 2012, 08:17 
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Joined: Fri 31 Aug, 2007, 09:17
Posts: 6139
See:
https://www.dukascopy.com/wiki/#Rounding_prices
 
rgapinski
 Post subject: Re: Bollinger Band for Stop Loss Post rating: 0   Post Posted: Mon 08 Oct, 2012, 06:49 

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Joined: Thu 26 Apr, 2012, 14:41
Posts: 7
Thanks! That did it.
 
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