Posts made by Molibedium

@l-andorrà thank you so much for the explanation though i would understand better with a pictorial example of any project, you can avail me with, please kindly drop me your email and whatsapp contact lets get to interact more seamlessly rather than having to wait for hours to know when you would be online, i am interested in us working together to achieve something very very beautiful

@l-andorrà yes please.

@l-andorrà thank you for your reply, i would be immensely grateful if you can share examples of my areas of interest i belive it would go a really long way to help me understand

@l-andorrà i am just test running different portions of my proposed project, i have not made the project as a whole project, please kindly share me any perfect exacmple i can use to work around with, based on the following point of interest.

1. how to use trailing stop to trail profit
2. how to use trailing stop to trail loss
3. how to set sl and tp to read values in money(currency of account) rather than to read in pips.
4. how to set multiple orders to open at the same time.
5. how to close orders automatically when a particular profit is reached across multiple orders
6. how to set stop loss to closely trail the current price. i.e i mean i want my stop loss to be able to cross my point of entry and trail the price steadily when it moves in my favour and it not going back and forth, e.g if i entered trade at a price of 1500, and my initial sl was 20 pips away from current price i.e (1480), i want my sl to move to a price of (1550) when d price hit 1600, hence if any drawback occurs it would close my trade at 1550.
   6, Also pls can you explain the meaning of an instrument having stop levels of 1500 and spread of 130, i am considering deriv vol 100(1s) indices.

@l-andorrà i placed a simple buy trade with the following parameters:

lot size: 0.5
pips sl: 12.81
pips tp: 12.81
i loaded it on a four decimal place chart and it gave me tp: 6.85$ and sl: -8.15

i further loaded it with a changed lot size value as follows

lot size: 1.0
pips sl: 12.81
pips tp: 12.81
i loaded it on a four decimal place chart and it gave me tp: 13.70$ and sl: -16.30

but to my greatest surprise i loaded it yet again changing my pip size with the following details but it gave me same value as obtained in the lesser pip value

lot size: 0.5
pips sl: 131
pips tp: 131
it still gave me tp: 6.85$ and sl: -8.15 inspite of me increasing my pips size, the tp and sl in dollars remained the same value

lot size: 1.0
pips sl: 131
pips tp: 131

it still gave me tp: 13.70$ and sl: -16.30 inspite of me increasing my pips size, the tp and sl in dollars remained the same value

very great site, however i noticed that increase or decrease in pips does not increase or decrease my stop loss or take profit value except when i increase the lot size, kindly look into this