Takeprofit & Stoploss are not correct values by base currency

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I am trying to figure out how to make takeprofit and stoploss values accurate..


If for example stoploss is set at 200 points it shows a value of 1.79?

If that stoploss is set for 200 points then that value of 2.00?


Should it be coded differently so it makes the correct level?

If a stoploss of 213 points equaled 2.00 then that is fine..


There's no simple way to figure it?

 

Brian Lillard:

If for example stoploss is set at 200 points it shows a value of 1.79?

If that stoploss is set for 200 points then that value of 2.00?

Should it be coded differently so it makes the correct level?

If a stoploss of 213 points equaled 2.00 then that is fine..

  1. A SL is a price. It is never "set at 200 points." It can only show 1.79 if the buy order open price - spread - 200 * _Point happens to be 1.79.
  2. No, a SL is a price.
  3. Obviously given your previous questions.
  4. Babel.
Using Point means code breaks on 4 digit brokers, exotics (e.g. USDZAR where spread is over 500 points,) and metals. Compute what a PIP is and use it, not points.
          How to manage JPY pairs with parameters? - MQL4 and MetaTrader 4 - MQL4 programming forum
          Slippage defined in index points - Currency Pairs - Expert Advisors and Automated Trading - MQL5 programming forum

You buy at the Ask and sell at the Bid. (Your stops have 20 PIP minus spread for buys and 20 PIP plus spread for sells.)

  • Your buy order's TP/SL are triggered when the Bid reaches it. Not the Ask.
  • Your sell order's TP/SL will be triggered when the Ask reaches it. To trigger at a specific Bid price, add the average spread.
              MODE_SPREAD (Paul) - MQL4 and MetaTrader 4 - MQL4 programming forum - Page 3
  • The charts show Bid prices only. Turn on the Ask line to see how big the spread is (Tools -> Options {control-O} -> charts -> Show ask line.)
 

How can a points in percent(pips) of 20 be 200?

Just trade on the base pair of deposit currency.

Thank you for this detailed analysis as always.

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