Edit Order Volume, Stop Loss and Take Profit for running strategy

Modified on Mon, 28 Sep 2020 at 02:43 PM

Go to Running Strategies tab and select the row of the specific running strategy from the list. Click on the 3 horizontal dots which represent the Options button. A dialog window will appear to edit the strategies Take Profit, Stop Loss and Order Volume. 

Order volume: Editing order volume will only affect the strategy instance you are editing, not other instances of this strategy. So the next deal will open with the new applied volume multiplied by Multiplicator.

  • For equity market instruments (Stocks, ETFs), the value of the "Order Volume" is indicated in units.For example: 100 = 100 shares.
  • For indexes, the value of the "Order Volume" is indicated in units.For example: 10 = 10 contracts.
  • For currency pairs, the value of the "Order Volume" is indicated in units of the base currency.For example: 10,000 units of base currency = 0.1 lot.
  • For crypto currency, the value of the "Order Volume" is indicated in units of the base crypto currency.For example: for a pair of BTCUSD 0.5 = 0.5 BTC


Example:

Initial Order volume = 10k, Multiplicator = 2. Strategy opened for 2 deals on EURUSD with volume 10k and 20k. If we change Order volume to 20k then next open deal volume will be 80k, the 4-th deal will have 160k volume

Remember: If the initial order volume is changed then next the deal volume is calculated based on the new order volume, there is no volume recalculation for deals opened before.


Stop Loss: By setting Stop Loss you can limit your loss for each running strategy instance. The Stop Loss is set in money (account currency) and always as a negative value. When Unrealized P/L of the instance is less or equal to Stop Loss value all strategy open deals will be closed and Unrealized P/L becomes Realized P/L. Strategy instance continue running according to strategy rules.


Take Profit: By setting Take Profit you can maximize your profit for each running strategy instance. The Take Profit is set in money (account currency) and always is a positive value. When Unrealized P/L of the instance is larger or equal to Take Profit value all strategy open deals will be closed and Unrealized P/L becomes Realized P/L. Strategy instance continue running according to strategy rules.


Was this article helpful?

That’s Great!

Thank you for your feedback

Sorry! We couldn't be helpful

Thank you for your feedback

Let us know how can we improve this article!

Select atleast one of the reasons

Feedback sent

We appreciate your effort and will try to fix the article