Multiple stoploss similar to multiple take profits
Created at 03 Jul 2024, 02:45
VI
Multiple stoploss similar to multiple take profits
03 Jul 2024, 02:45
Hi I was wondering if there is an indicator for multiple stoploss similar to multiple take profits example take profit 1 and take profit 2 etc, so a stoploss 1 and stoploss 2? The reason being so instead of sitting at the desktop and managing a scalp using the smart trading terminal ie: like magic keys; we set the parameters and walk away. Also if there isn't one where can I get the cbot codes for tp1,tp2 etc so I can build one for sl1 and sl2?
firemyst
05 Jul 2024, 00:28 ( Updated at: 05 Jul 2024, 04:49 )
Have you tried looking for one?
You can start with either Google or going to the menu at the top of the forums, clicking on “Algorithms”, selecting Indicators, and doing a search. Same with bots.
If you can't find one, then you'll have to code one. However, cTrader doesn't give you the ability to have multiple SLs on the same position. Instead, in your code you'll have to draw lines on the chart where the SL is (to see it visually) and in your code have it reduce the volume of the position (or close it all together) when price reaches/passes your SL line.
The other thing you should do is look through the Suggestions forum:
https://ctrader.com/forum/suggestions
for other users who have already posted the desired feature and vote for it.
@firemyst