Stop Level

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atsy
60
atsy  
Does anyone know where the exact stop level application is?
Kenneth Parling
10771
Kenneth Parling  
atsy:
Does anyone know where the exact stop level application is?

this level is set by your broker and the account you are using...

when programming (mt4) use the following code to get this information;

MarketInfo(Symbol(),MODE_STOPLEVEL);
atsy
60
atsy  
atsy:
Does anyone know where the exact stop level application is?

Thank you

I use MODE_STOPLEVEL and know it is a property of all symbols. for example for gold it is 50 point and eurusd is 20 point.

But i don't know what it is? 

I think that It sets limits for us on commands that operate on price.

But I don't know exactly what the restrictions are.

Do you know?

Kenneth Parling
10771
Kenneth Parling  
atsy:

Thank you

I use MODE_STOPLEVEL and know it is a property of all symbols. for example for gold it is 50 point and eurusd is 20 point.

But i don't know what it is? 

I think that It sets limits for us on commands that operate on price.

But I don't know exactly what the restrictions are.

Do you know?

it's the minimum distance from price were you can set your stop loss

atsy
60
atsy  
Kenneth Parling:

it's the minimum distance from price were you can set your stop loss

And take profit??? Or only use to set sl?

tanx.

Kenneth Parling
10771
Kenneth Parling  
atsy:

And take profit??? Or only use to set sl?

tanx.

it defines the minimum level at which point a stop loss is allowed to be set and not take profit..

William Roeder
20756
William Roeder  
You can't move stops (or pending prices) closer to the market than the minimum: MODE_STOPLEVEL * _Point or SymbolInfoInteger(SYMBOL_TRADE_STOPS_LEVEL).
          Requirements and Limitations in Making Trades - Appendixes - MQL4 Tutorial
atsy
60
atsy  
William Roeder:
You can't move stops (or pending prices) closer to the market than the minimum: MODE_STOPLEVEL * _Point or SymbolInfoInteger(SYMBOL_TRADE_STOPS_LEVEL).
          Requirements and Limitations in Making Trades - Appendixes - MQL4 Tutorial

thank you a lot

Now I understand

Alain Verleyen
39533
Alain Verleyen  
Kenneth Parling:

it defines the minimum level at which point a stop loss is allowed to be set and not take profit..

Stopslevel also applies to takeprofit.

atsy
60
atsy  
Alain Verleyen:

Stopslevel also applies to takeprofit.

That's right. I use to set TP .

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