enterLong(), pending trade. From where measures Stop?

Posted By: webradio

enterLong(), pending trade. From where measures Stop? - 08/25/15 15:26

Following call should buy if next bar goes higher than current bar's high:

Code:

EntryTime = 1; enterLong(0, priceHigh(), 100*PIP, mytarget);

Where will be the stop placed? 100 PIP below current high at time of calling the function or 100 PIP below the order fullfillment price? Same question for TakeProfit?

Posted By: jcl

Re: enterLong(), pending trade. From where measures Stop? - 08/25/15 16:27

Stop distances are always relative to the filling price of the trade.