PowerLanguage: stop loss and take profit

April 14th, 2016, 11:36 AM

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

April 14th, 2016, 12:39 PM

Here is the link to the MC forum that can answer all of your questions - dedicated Multicharts user support.

http://www.multicharts.com/discussion/viewforum.php?f=1

April 14th, 2016, 12:50 PM

I'm still in the free trial version, that forum isnt open for me. I'm going to buy the license 99% in a couple of week

thanks

PowerLanguage: stop loss and take profit

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PowerLanguage: stop loss and take profit