Dukascopy jforex trailing stop

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Depending on "Pips or Price" setting, you can specify your stop loss in either pips distance from your order entry level or price price level of you stop loss. Use this block if you want to set a stop loss on an existing position with an automated trailing step of minimum 10 pips.

Automated Trading with Visual JForex

Specify "Trailing Step" in pips. Use this block if you want to a set stop loss on an existing position with an automated trailing step that can be less 10 pips. Specify "Stop Loss" in pips distance from your position entry level. Related resources Webinar TV. Dukascopy Community. Automated trading Strategy Contest.

Detailed overview of Dukascopy API order and positions with stop loss and take profit

This means that:. IOrder interface provides 3 methods for creating or modifying Stop Loss price of an existing order. Note that the value of the trailing step parameter must be above or equal to 10 in order to be successfully applied. If the specified Stop Loss price equals zero, Stop Loss condition will not be applied. In the following example we remove the Stop Loss condition from an existing order:.


  • Dukascopy - Adding a Trailing Stop in JForex;
  • Dukascopy Reviews and User Ratings;
  • Adding a Trailing Stop in JForex;

In order to detect that the order was closed by meeting the Stop Loss condition, one has to check in IStrategy. For more on messages workflow see the Order state article.


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    4. Consider the following strategy which causes one order to close on meeting the Stop Loss price and another order to close unconditionally:. The platform is primarily used for margin trading and is not recommended for stock markets. While some traders use it for CFDs, it is primarily used for Forex trading. In Forex trading MT4 is one of the most popular platforms and can be downloaded for free. MT4 allows for automation of order execution through programs in MQL4 language, which is proprietary in nature. One of the most attractive features of this platform is the flexibility it offers — it allows for the construction of custom indicators, to suit the needs of different users.

    The simplicity and multiple inbuilt tools on the platform make it a popular choice.

    Overall Summary

    Most Forex brokers have been offering MT4 as the preferred trading platform to their customers, and this has resulted in its high popularity among retail traders. Over time, MT4 platforms have become the industry standard, however, JForex offers a quality alternative to MT4 and provides features and functionalities on par with the industry leader. Both of the trading platforms have their own strengths. MT4 is popular for its simplicity, flexibility, inbuilt tools and expert advisors. It is particularly easy to adopt as a novice, which makes it popular and is one of the reasons why it has become the market leader.

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