I am fairly new to Pine script and have already created an automated system.
But the problem is with calculating SL. With TP I have no problem, it is always precise but SL is always way off what it should be.
My logic for SL, if I am going short the SL will be high[1] + Sl for particular pair. But I need an exact number of pips so I am doing (high[1] - low[1]) + SL. I do not know why, it calculating just wrong.
This is an example of my script. Thank you
i_stopLoss = switch syminfo.ticker
CADJPY
=> 18
GBPCHF
=> -10
USDJPY
=> 9
GBPUSD
=> 2
=> -2
commision = switch syminfo.ticker
CADJPY
=> 2
GBPCHF
=> 4
USDJPY
=> 1
GBPUSD
=> 2
=> 2
i_tp = switch syminfo.ticker
CADJPY
=> 80
GBPCHF
=> 95
USDJPY
=> 104
GBPUSD
=> 105
=> 95
ratio = switch syminfo.ticker
USDJPY
=> 100
CADJPY
=> 100
GBPCHF
=> 10000
GBPUSD
=> 10000
=> 10000
TP = i_tp //Real
SL = i_stopLoss + commision
difference = (high[1] - low[1]) * ratio
total_sl = difference + SL
if something
strategy.entry('Buy Stop', strategy.long, stop=high, oca_name='Breakout', oca_type=strategy.oca.cancel, alert_message = buy,
+ str.tostring(syminfo.ticker) + .r,risk=
+ str.tostring(risk) + ,sl=
+ str.tostring(total_sl) + ,tp=
+ str.tostring(TP)) //Real
strategy.entry('Sell Stop', strategy.short, stop=low, oca_name='Breakout', oca_type=strategy.oca.cancel, alert_message = sell,
+ str.tostring(syminfo.ticker) + .r,risk=
+ str.tostring(risk) + ,sl=
+ str.tostring(total_sl)+ ,tp=
+ str.tostring(TP)) //Real
