SL and TP in % percent from entry in builder. It's necessary for assets changing huge during time

Please add this feature:

SL and TP in % value from entry in builder (like the feature in Algo-wizard)



for assets with huge changes, SL and TP in pips makes no sense.
As an example, when BTC where 500 $, SL of 10,000 pips (using MT5 setting) was 100$ which is 20% of price.
But nowadays that BTC is 20,000$, that 10,000 pips which is 100$, is just 0.5%.
So it is impossible to make long-term strategies using fixed SL & PT.
But if it was the ability to have SL and TP as percent, it can be used to create strategies working long-term.


This feature exists in Algo-wizard, but not in builder.
Please add it, and you will see lot of users using it soon!

Attachments
  • Votes +2
  • Project StrategyQuant X
  • Type Feature
  • Status Fixed
  • Priority Normal

History

AA
#1

Alex

16.06.2022 07:25

Task created

E
#2

Emmanuel

20.06.2022 21:44
Voted for this task.
AA
#3

Alex

08.09.2022 19:03

Subject changed from SL and TP in % value from entry in builder to SL and TP in % percent from entry in builder. It's necessary for assets changing huge during time

Description changed:

Please add this feature:

SL and TP in % value from entry in builder (like the feature in Algo-wizard)


for assets with huge changes, SL and TP in pips makes no sense.

As an example, when BTC where 500 $, SL of 10,000 pips (using MT5 setting) was 100$ which is 20% of price.

But nowadays that BTC is 20,000$, that 10,000 pips which is 100$, is just 0.5%.

So it is impossible to make long-term strategies using fixed SL & PT.

But if it was the ability to have SL and TP as percent, it can be used to create strategies working long-term.


This feature exists in Algo-wizard, but not in builder.

Please add it, and you will see lot of users using it soon!

AA
#4

Alex

08.09.2022 19:04

Hi SQX Team,

Please take a deeper look at this feature.

Note that it exists in Algo-Wizard!

Just add it to the builder as well.

AA
#5

Alex

08.09.2022 19:04
Voted for this task.
TT
#6

Tamas

14.09.2022 10:05

Status changed from New to Fixed

Yes, it was added in build 136 dev3. Check What to build tab. It was also implemented for all supported platforms MT/TS/...
CG
#7

Chris G

14.09.2022 13:59
Could anyone show me where is this function on AlgoWizard?
TT
#8

Tamas

14.09.2022 14:53

Attachment image-0.png added

Attachment image-1.png added

image-1.png
(263.93 KiB)
image-0.png
(501.48 KiB)
This option is available only from version SQX 136 dev3 or online AW beta hereĀ https://beta.algowizard.io/

Printscreens attached



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