How do I know if I paper trade if the stop loss was hit before the take profit?

Discussion in 'Trading' started by andy_p, Dec 7, 2021.

  1. maxinger

    maxinger

    This is either
    a simple question,
    a complex question or
    a trick question.

    Why don't you simply look at the chart?
    I know you will not get 100% accuracy since you are doing demo trading,
    and there is slippage to consider when doing live trading etc.
    But it is a very good indication
    of whether your stop has been hit or not.
     
    #21     Dec 8, 2021
    Scataphagos likes this.
  2. if you insist on not looking at the chart, then yes, go through all quoted prices (minus or plus spread + broker commission depending on buy/sell order) after you enter until it is near to your stop loss or take profit point. If it hit pass the points, then write down the exit price.
     
    #22     Dec 8, 2021
    virtusa likes this.
  3. maxinger

    maxinger

    how is he going to get those quoted prices, spread, commission ....?

    if he is on demo trading, he probably doesn't have those data
    ( those data are not free ).

    he can get a free chart.
    but he refuses to look at the chart.
     
    Last edited: Dec 8, 2021
    #23     Dec 8, 2021
  4. tomorton

    tomorton

    If you only have the data you describe, you can't know without looking at a chart. But there are demo accounts from almost every broker out there that will do this for you.
     
    #24     Dec 8, 2021
  5. twstn

    twstn

    Yes. :D:sneaky::D
     
    #25     Dec 8, 2021
  6. thecoder

    thecoder

    In the land of the blind, the one-eyed man is king...
    ...after getting this free-lunch education here at ET... :D
     
    #26     Dec 8, 2021
  7. virtusa

    virtusa


    If that is too much asked, I advice you to stop trading and find some other job that asks no efforts.
    Your "problem" is irrelevant compared to the real problems you will still encounter in your journey to profitable trading.
     
    #27     Dec 8, 2021
    SunTrader likes this.
  8. cravat

    cravat

    You can find that out by looking at the charts. I don’t think it’s difficult to spare a few minutes to look at the data on charts.
     
    #28     Dec 8, 2021
    murray t turtle likes this.
  9. maxinger

    maxinger

    You will get a big scolding from the OP as he said he wouldn't look at the chart
     
    #29     Dec 8, 2021
  10. %%
    EXACTLY/good paper points+ pen points on the screen LOL:D:D
    Paper tradin' is fine for learning levels, getting back in the groove \not fine for execution study.
    HINT on execution/Market Makers Edge[paper ] book by Joshua Lukeman uses 6 month paper charts.
    Me i still paper trade on occasion + love Fed Reserve paper notes/LOL:caution::caution::caution::caution::caution::caution:,:caution::caution::caution::caution::caution::caution:
     
    #30     Dec 8, 2021