auto stop loss at 50% upon entry of trade script

[soulavenger8 2]

Hi BBT,

I've been trying to figure out how to set stoploss at 50% below average position upon entry of trade.

Can anyone help me with this?

For example,

Enter trade at $1.

Set SL at $0.50

or 

Enter trade at $0.40. 

SL at $0.20

Thank you.

[peterB 304]

this sets you a 0.5% stop loss to your position.

if you need to change it really to 50% you just move the decimal in the "AvgCost*0.995" so 5% would be "AvgCost*0.95" and 50% would be "AvgCost*0.5"

 

ROUTE=Stop;StopType=Market;StopPrice=AvgCost*0.995;Share=Pos;TIF=DAY;SELL=Send;

 

[soulavenger8 2]

I see.

Thank you so much Peter.