PowerLanguage: stop loss and take profit (help needed)

Discussion in 'Automated Trading' started by alexbellinzona, Apr 14, 2016.

  1. Hello everyone,

    I'm new in this forum and I'm also new with PowerLanguage. I never done backtesting via Multicharts, always used Excel.
    So, now I'm beginning to code some of my strategies with PowerLanguage but I have huge problems in understanding how to write the stop loss and take profit in the code.

    Starting from the basic, if for example I want to buy each Bullish Engulfing (that's not one of my strategy, it's only an example) placing a stop loss at low-2 pips with a super easy 1:1 risk:reward. Risk should be, for example, 1%. what should I write in the code?

    PS: I'm not asking about how to code a Bullish Engulfing but only the basics info about stop loss, take profit, risk calculation

    Thanks [​IMG]