How to create new stoploss and take profit

[jstap]

I mean if you set a distance when placing an order but it is placed too far away, then you won't be able to move it closer.

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@jstap
My original SL is close to the entry price

[jstap]

Then as I said before it is too close to place the order

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@jstap
Do you mean modify the stops or for the pending orders to place, because they do.

[jstap]

I mean if it doesn't place then it is too small. Create a simple no order - place order - use a constant so you can backtest and test while changing the size. This way you will be able to see what sizes allow the stop to be placed

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@jstap
I contacted my broker, they said it would be possible.

[jstap]

Test with this https://fxdreema.com/shared/VApBhuX0b

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@jstap
Okay. What do I do to modify the stop also?

[jstap]

I don't understand why you would need to, see if this works first

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@jstap
I got the pending orders to work. I need to know how to modify my stop how I sent.

[jstap]

Has the pending become a trade?

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@jstap
No. I’m trying to modify stop before it becomes a market order.

[jstap]

Then why don't you just set it as needed from the start?

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@jstap
Because you said I can’t put 0 in the SL box it’ll just put no SL.

[jstap]

You can't modify it to that

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@jstap
Then how can I get my sl to be at entry price?

[jstap]

You can't intill it becomes a trade, but then you will need to account for market fluctuations, simple thing like braker spreads will affect this...every trade starts off in a loss

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@jstap
I’m confused. I saw someone on a video was able to do what I’m trying to do.

[jstap]

I have told you everything I know, I have never seen anyone place a SL at break even on a pending, maybe if you have a true 0 spread account, but I do not think they exist

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@jstap
Okay thank you.