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    How to place Stop/Profit of the pips distance between the crossing of 2 moving averages

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    • B
      BestTrader last edited by

      Hi everyone, I would like your help on the following:
      How do I find the number of pips that the market price is up to the crossing of 2 moving averages?
      I intend to apply this Stop value, and 3x Profit.
      Basically I will have to register in a variable that number of pips of distance, how can I do it?
      Thank you very much.

      Jose

      jstap 1 Reply Last reply Reply Quote 0
      • jstap
        jstap @BestTrader last edited by

        @besttrader formula block with hi-lo, under put a modify variables block and change the price fraction to pips, use this variable as fixed pips for SL and TP as 300% of SL.

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        • B
          BestTrader last edited by

          Thanks for the answer, but I don't understand how to do it, can you specify or give an example with print screens? Thank you very much

          Jose

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          • jstap
            jstap @BestTrader last edited by jstap

            @besttrader You'll see how to do this in this picture, if you want to use the current price instead of a moving average, replace with market properties. If you want to use the price level of a cross you will need another condition with market properties in a modify variables block to save this price.
            0_1629476596413_Screenshot (576).png

            Learn fxDreema Without the Wait!

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            The paperback and hardback editions include MT4 & MT5 QR codes for easy access to all prebuilt projects and robots, including my latest gold trading robot!

            Don’t miss out

            Click here➡️ https://mybook.to/fxDreema to get your copy today!

            Enjoy! 😊

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            • B
              BestTrader last edited by

              @jstap thank you very much, i will try

              Jose

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              • B
                BestTrader @jstap last edited by

                @jstap
                I did the same as the example, and it creates an infinite loop of operations, open, close...
                I need to know how many pips away is the current price from the crossing of two moving averages.
                Can you help? With new screen prints? Thank you very much

                Jose

                jstap 1 Reply Last reply Reply Quote 0
                • jstap
                  jstap @BestTrader last edited by jstap

                  @besttrader Follow this link you'll see how to do it, as for an infinite loop it is probably how I had it set using price fraction, instead of converting into pips, let me know if this sorts all.

                  Learn fxDreema Without the Wait!

                  My comprehensive book, available on Amazon, is packed with examples and invaluable insights to help you fast-track your learning journey.

                  The paperback and hardback editions include MT4 & MT5 QR codes for easy access to all prebuilt projects and robots, including my latest gold trading robot!

                  Don’t miss out

                  Click here➡️ https://mybook.to/fxDreema to get your copy today!

                  Enjoy! 😊

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