System Messages

This forum is for members of the Apiary Investment Fund. To learn more about how to get involved, sign up now or fill out the form below and preview the training right now!

Setting stops

 
Back to Forums
 
 
fahess

Setting stops

When the order says SL, does that mean Stop Limit or Stop Loss? How do I tell the difference?

Thu, 05/05/2016 - 11:46am
 
jwhilton43

stop loss. limit orders r down below. ie. market, buy/sell stops. jim

 
alan_6

Stop Limits get you into the trade, Stop Loss gets you out.

 
4xNorm

If you are talking about the heading S/L next to T/P it is stop loss and the number below it is where your stop loss is placed

a stop limit is shown in the orders under L/S price

 
FxSuperstar

It means stop loss

 
europamjm

I switch between 15 minute charts in the morning, early afternoon and day charts later in the day. How do I decide stop loss and take profit targets for each? ATR based scheme has more often resulted in stopping the trade before it fully develops... Any other suggestions?

 
yvegri28

I have been placing trades n I thought that I had been placing stop losses each time I place a stop loss my statistics reading says that I have not made a stop loss order. Any suggestions on what I might be doing wrong would be helpful . The only other thing that I have noticed is that whenever I place a stop loss it says that I have bought into a position . while the stop loss still have not been placed ,and I have not been able to take profit resulting in more losses in my trading cycle then I would like to see,any help will be appreciated. buzzing over here.

 
Sokha

Use a bracket order every time you place a trade will solve the problem. Use the Code-->Variables-->set a bracket. You can always move your stop loss and target basis on your analysis.

@fahess--

Never use a stop limit to get out of a trade. It means that you will get out of a trade at a limit order--at your stop or worse in this case. If it is during a news event, you might not get out of a trade at your specified stop. You will get out but might not be the price you want.

Always use a stop market for a stop loss and limit order for a take profit--you will exit a trade at this price or better. That's what you want.

Code.jpg
 
thomasreilly34

Well I don't have the Alveowebsite on this computer so that I can help you set your stop loss and take profit so that you can place a trade. You are able to place a trade without using a Stop Loss and Take profit. You can place a stop order when placing trades which is what I do with and EMA indicator so that I know what direction the trend is going. If I can be any help please send me a message and I will get back to you right away. Take care.