Accurate Stop Loss and Take Profit price levels for TP2

And Stoploss for Buy Orders is above entry price

Hi Itumeleng

For your stated questions, there are 2 things to mention:

• if you want to differentiate cases for type "BUY" & "SELL", you will need to separate into 2 if conditions, or using operate “ | | ” to separate 2 checks doing the same function later
• since your TP2 checking is only placed in OnOrderEvent, the EMA check will only occur in that particular instance of your TP1 filled and never be called again. We suggest setting a checking variable and calling a new function to do that task if the checking condition holds. The checking shall be made in every slice of data received, so it will be put on OnData method

There is also some code optimization and removal of redundant variables we've done to save time and space to run that. Please check the attached backtest addressing all the above statements. BTW we’ve seen you calling [1] in RollingWindow and use the length to call the last item of a List, remember that computer starts its count at 0, so you should use [0] in RollingWindow and [^1] in List to do so. 

Best,
Louis Szeto

Hi Louis Szeto thanks for the changes, but why is my TP2 the same as entry price if not on the sells it is above sell price orders on the logs?

Hi Itumeleng

See this line here:

//##### you can just update the stop price in the first stop order
var response = _stopMarketTicket.Update(new UpdateOrderFields() {
	StopPrice = fillPrice, 
	Quantity = fillQuantity + qty		//##### sum of 1st and 2nd limit orders' quantities
});

The above backtest was a rough example of how to update the stop price, here we've taken the filled price (current price at that moment) as the new stop. Please adjust according to custom needs.

Best
Louis Szeto