136: improve the SL and PT indicator value
We need to improve SL and PT as indicators value. Indicators sometimes return incorrect values above or bellow actual price.
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Votes +2
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Project StrategyQuant X
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Type Feature
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Status New
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Priority High
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Votes: +2
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The problem isn't that the indicator returns a value higher than the current price, it is how SQ deals with it.
For example, if there is a long order where the current price is $10, on recalculation of the indicator for the SL, it may return $11. The current behaviour is that the order will not be closed until the price goes over $11 and then falls back to $11.
However, in MultiCharts (at least when using Interactive Brokers as the broker) because the current price is below the SL value, it will close the order at current market price.
A very simple but valid example of when this may be wanted in a strategy is if your stop loss is set to be the closing price from 2 bars ago. Multicharts (with IB) will close this order if the current price is lower than that 2 bar previous closing price.
It maybe this behaviour is not the same for all brokers with MultiCharts, but it is when used with IB - and MultiCharts have confirmed this to your support - there should at least be a toggle to allow SQ to at least emulate this behaviour.
Multiple examples of this happening on live trades have been provided to Tomas Vanek.