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. Your account would reflect a loss equal to the amount of the entry-SL.
     
    #31     Dec 8, 2021
  2. andy_p

    andy_p

    Hello,
    So I look at the daily chart and if the price has hitted the stop loss price before the take profit price. I just take the stop loss and a loss for today? Is that it? I just have to look at hundreds of candles and see if the trend went my way?
     
    #32     Dec 9, 2021
  3. yes that's right. If you have a chart, it is simple, you can draw the lines for stop loss and take profit. Then see at which points, they cut. Try the 5 or 15 minutes timeframe to narrow down.
     
    #33     Dec 9, 2021
  4. maxinger

    maxinger

    you will get scolding from the OP.
    He made it very very clear he wouldn't look at the chart.
     
    #34     Dec 9, 2021
    Overnight likes this.
  5. Overnight

    Overnight

    You should really stop mentioning the chart. You are going to incense the OP.
     
    #35     Dec 9, 2021
    maxinger likes this.
  6. Overnight

    Overnight

    Let's simplify his problem with a static OHLC candle.

    How does he know if it hit his profit target in the candle before it hit his stop loss in the candle?

    I mean, why would we need tick data for that?
     
    #36     Dec 9, 2021
  7. maxinger

    maxinger

    noted.
    I should have used the word cxxxx.
     
    #37     Dec 9, 2021
  8. SunTrader

    SunTrader

    Even simpler - and free too - check yahoo at the end of each trading day to see what the daily high and low were.

    And then say I think I entered near the low and exited near the high.

    Then start search for real estate agents with private island listings.
     
    #38     Dec 10, 2021